The asset management arm of Lazard, the independent investment bank best known for its M&A business, toasted the passing of another milestone in the second quarter.

Funds under management at Lazard stood at $205 billion at the end of June, according to the group's second-quarter results today - up 25% year-on-year and the first time they have passed the $200 billion mark.

Asset management arm of the independent bank, best known for its M&A advice, passed another milestone in Q2

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Funds top $200bn at Lazard

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