What Lazard Asset Management LLC does

Lazard Asset Management LLC is the principal asset-management subsidiary of publicly-traded Lazard, Inc. (NYSE: LAZ) and operates as a global active investment manager headquartered at 30 Rockefeller Plaza, New York, with offices across London, Zurich, Frankfurt, Paris, Sydney, Hong Kong, Tokyo, Singapore, Seoul, Dubai, Toronto, and Riyadh. The firm manages capital across five primary asset classes — Equities, Fixed Income, Multi-Asset, Real Assets, and Alternatives — and distributes those capabilities through Mutual Funds, ETFs, Closed-End Funds, Separate Accounts, and UCITS Funds. Notable franchise strengths include 30+ years of emerging-markets investing (e.g., the EMKT strategy), 20+ years of listed-infrastructure investing, and an AI-enhanced systematic process within the US Small Cap Equity Fund.

The firm serves four primary client segments: Institutional Investors, High-Net-Worth Individuals, Financial Advisers, and Professional Investors, accessed through direct institutional sales, investment platforms, NYSE-listed ETFs, separate accounts, and a wealth-management channel. Revenue is generated primarily through asset-based management fees on AUM, supplemented by performance fees on certain strategies. Recent product and distribution actions include the April 2025 launch of three US-listed active ETFs, the October 2025 conversion of the EMKT mutual fund to an ETF, and the June 2024 listing of the firm's first Australian ETF.

The business is governed by an experienced investment leadership team that was substantially refreshed in late 2025 and early 2026 with Chris Hogbin as CEO (December 2025), Eric Van Nostrand in a newly created CIO role (January 2026), and Rosalie Berman as COO (January 2026). The firm has also expanded its private-asset footprint via the Elaia Partners technology-VC joint venture (April 2024), the Collective Energy sustainable-infrastructure acquisition (May 2024), and the RENFIN partnership (April 2024).

Name

Lazard Asset Management LLC

Legal name

Lazard Asset Management LLC

Website

https://lazardassetmanagement.com

Company type

Public

Founded year

1848

Operating status

Operating

Short description

Lazard Asset Management LLC is a global active investment manager and subsidiary of Lazard, Inc. (NYSE: LAZ), offering equities, fixed income, multi-asset, real assets, and alternatives through mutual funds, ETFs, separate accounts, and UCITS to institutional, high-net-worth, and intermediary clients.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Open-End Investment Funds (525910), Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Managed Accounts & Unified Managed Accounts (UMAs) — Multi-Asset (FSAAAJAE)

akta.pro secondary industries

Large-Cap Equity (Active) (FSAAAIAA), Quantitative/Systematic Equity (Active) (FSAAAIAL), Small-Cap Equity (Active) (FSAAAIAC)

Keywords

• Active asset management
• Institutional investment management
• Equity investment strategies
• Fixed income management
• Alternative investments

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Fees: Lazard earns management fees based on assets under management (AUM) across its mutual funds, ETFs, separate accounts, and alternative investment products. Fees are typically calculated as a percentage of AUM.
2. Performance Fees: Some investment products may charge performance fees based on investment returns exceeding benchmarks or hurdle rates.
3. ETF Management: Management fees from actively managed ETFs listed on exchanges including NYSE, including products like Lazard Emerging Markets Opportunities Fund ETF (EMKT).

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Lazard Asset Management is a global asset management firm that delivers active investment management solutions across equities, fixed income, multi-asset, real assets, and alternatives. The firm offers these strategies through multiple investment vehicles including mutual funds, ETFs, closed-end funds, UCITS funds, and separate accounts, distributed to institutional and individual investors worldwide.

Product overview

Lazard Asset Management is a global asset management firm offering a comprehensive suite of investment solutions across multiple asset classes including Equities, Fixed Income, Multi-Asset, Real Assets, and Alternatives. The firm provides investment vehicles such as Mutual Funds, Exchange-Traded Funds (ETFs), Closed-End Funds, Separate Accounts, and UCITS Funds across multiple regions including US, UK, Europe, and Asia-Pacific. Featured strategies include Emerging Markets, Global Listed Infrastructure, Quantitative Strategies (Advantage), Lazard Rathmore, and US Small Cap Systematic. The firm has recently launched multiple actively managed ETFs including Lazard Emerging Markets Opportunities Fund ETF (EMKT), Lazard Equity Megatrends ETF (THMZ), Lazard Next Gen Technologies ETF (TEKY), Lazard Japanese Equity ETF (JPY), and Lazard US Systematic Small Cap Equity ETF (SYZ). Additional offerings include private wealth management through Lazard Wealth, thematic strategies, and sustainable private infrastructure investments. The product ecosystem is unified by Lazard's global investment research platform and specialized investment teams with deep localized expertise.

Differentiator

Problem solved

Functional benefit

Brands

• Lazard Rathmore: An all-weather investment strategy designed to help investors navigate uncertainty.
• Lazard Global Listed Infrastructure (GLIF)
• Lazard Equity Megatrends ETF (THMZ)
• Lazard Next Gen Technologies ETF (TEKY)
• Lazard Japanese Equity ETF (JPY)
• Lazard Emerging Markets Opportunities Fund ETF (EMKT)
• Lazard US Systematic Small Cap Equity ETF (SYZ)
• Lazard US Small Cap Equity Fund
• Lazard Elaia Capital
• Lazard Wealth

Products and services

• Exchange-Traded Funds (ETFs) Actively managed ETFs offering unique benefits and streamlined access to Lazard's investment strategies, listed on NYSE. Includes products such as Lazard Emerging Markets Opportunities Fund ETF (EMKT), Lazard Equity Megatrends ETF (THMZ), Lazard Next Gen Technologies ETF (TEKY), Lazard Japanese Equity ETF (JPY), and Lazard US Systematic Small Cap Equity ETF (SYZ).
• Mutual Funds (US) Suite of differentiated mutual funds designed to meet diverse investor needs across different investment objectives in the United States.
• UK Domiciled Mutual Funds UK-based mutual funds informed by global investment research offering differentiated investment solutions for UK investors.
• European Mutual Funds European mutual funds informed by global investment research addressing the demands of the ever-changing financial landscape.
• UCITS Funds UCITS-compliant funds available to investors in various jurisdictions, including European and global investment strategies.
• Closed-End Funds Closed-end funds benefiting from global investment research addressing the demands of the ever-changing financial landscape.
• Separate Accounts Separately managed accounts offering customized investment solutions for institutional and high-net-worth clients.
• Lazard Emerging Markets Opportunities Fund ETF (EMKT) Actively managed ETF offering high-conviction emerging markets exposure through streamlined NYSE-listed access to Lazard's long-standing EM leadership.
• Lazard Equity Megatrends ETF (THMZ)

Quantifiable outcome

• Lazard Global Listed Infrastructure strategy has delivered stable, inflation-resilient returns for 20 years.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered minor, core and flagship.

• Collective Energy GmbHminorStrategic or Co-development Partner · 22 May 2024Lazard Asset Management's Sustainable Private Infrastructure strategy agreed to acquire Collective Energy GmbH, expanding its renewable energy investment capabilities in Europe.
• RENFINcoreStrategic or Co-development Partner · 29 April 2024Lazard's Sustainable Private Infrastructure Fund (Lazard SPI Fund) formed a strategic partnership with RENFIN to jointly target investments in renewable energy in Italy, specifically small-scale hydroelectric power plants (SHEPPs).
• Elaia PartnersflagshipStrategic or Co-development Partner · 18 April 2024Lazard formed a strategic partnership with Elaia Partners, an established European venture capital firm, to create a leading European player focused on investment in technology companies. The joint venture, Lazard Elaia Capital (LEC), supports companies at all stages from seed to public listing. This follows exclusive negotiations announced December 2023.
• Foreside Fund Services, LLCcoreChannel Partner/ Reseller/ DistributorForeside Fund Services, LLC serves as the distributor for Lazard ETFs in the United States.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• AllianceBernstein: Global active asset manager offering equities, fixed income, and multi-asset solutions to institutional and retail clients, including active ETFs. Closely comparable business mix, distribution model, and active management focus; Lazard's new CEO Chris Hogbin joined Lazard from AllianceBernstein.
• Neuberger Berman: Private, employee-owned global asset manager offering active equity, fixed income, and alternative strategies to institutional and high-net-worth clients. Highly comparable private ownership structure, active management focus, and global institutional distribution model.
• Invesco: Global asset manager with major active ETF franchise (including QQQ) and active equity, fixed income, and multi-asset capabilities. Direct comparison on active ETF strategy given both firms target the actively managed ETF wrapper.
• Nuveen (TIAA): Large US asset manager offering active and quantitative equity, fixed income, and real assets including infrastructure investing. Comparable in real assets/infrastructure focus and broad multi-asset capabilities.
• Franklin Templeton: Global active asset manager spanning equities, fixed income, multi-asset, and alternatives with strong emerging markets capabilities and an expanding ETF suite. Closely matches Lazard's geographic reach and active management orientation.
• T. Rowe Price: Publicly traded active asset manager with strong institutional and intermediary distribution, broad equity and fixed income capabilities, and a growing active ETF franchise targeting institutional and advisor channels.
• PIMCO: Subsidiary of Allianz, specializing in active fixed income, multi-asset, and alternatives with strong institutional and intermediary channels. Comparable in active fixed income depth, alternatives capabilities, and institutional sales motion.

Broad incumbents

• BlackRock: World's largest asset manager offering active and passive strategies across equities, fixed income, multi-asset, and alternatives with global institutional and ETF distribution. Highly comparable in product breadth and institutional client base, though materially larger and more diversified.
• Goldman Sachs Asset Management: The asset management arm of Goldman Sachs offering active and passive strategies across public and private asset classes with deep institutional relationships and growing ETF and private markets platforms.
• J.P. Morgan Asset Management: Global asset management arm of JPMorgan Chase offering active and passive equity, fixed income, multi-asset, alternatives, and ETF strategies to institutional and intermediary channels. Comparable in global scale, multi-asset breadth, and institutional distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/c/LazardAssetManagement
• LinkedInlinkedin.com/company/4756

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lazard Asset Management LLC