Lazard (LAZ) said Wednesday it had $250.83 billion in assets under management as of Nov. 30, down from $267.78 billion at the end of October.

The company said the month's assets under management were reflected by $18 billion in net outflows, market appreciation of $1.1 billion, and foreign exchange depreciation of $100 million.

Lazard said its assets under management included $196.17 billion in equity, $45.35 billion in fixed income, and $9.31 billion in other assets.