Lazard, Inc. (LAZ) reported a preliminary asset under management (AUM) balance of $235.8 billion for October 2024, reflecting a 4.8% decrease from $247.7 billion as of Sept. 30, 2024.LAZ’s AUM BreakdownThe downfall in AUM balance was due to a market depreciation of $4.4 billion, net outflows of $3.3 billion and foreign exchange depreciation of $4.2 billion. In October, Lazard’s equity assets decreased 4.9% from the prior month’s level to $182.1 billion. Fixed-income assets decreased 5% to $45.5 billion. Oth ...