Lazard, Inc. (LAZ) reported its preliminary asset under management (AUM) balance of approximately $248 billion for February 2024. This indicates a 1.7% increase from $243.8 billion as of Jan 31, 2024.The improvement in AUM balance for the month of February was driven by a market appreciation of $7 billion. However, it was partially offset by net outflows of $2 billion and foreign exchange depreciation of $0.8 billion.In February, Lazard’s equity assets increased 2.3% from the prior month’s level to $192.7 b ...