Pzena Investment Management, Inc. announces its assets under management as of July 31, 2022


NEW YORK, August 08, 2022 (GLOBE NEWSWIRE) — Pzena Investment Management, Inc. (NYSE: PZN) today announced its preliminary assets under management as of July 31, 2022.

End of month AUM July 2022The end of the month June 2022and end of month July 2021 are listed below:

Pzena Investment Management, Inc.
Assets under management1
($ billions)

From From From
July 31, 2022 June 30, 2022 July 31, 2021
Type of account
Separately Managed Accounts $ 16.5 $ 16.4 $ 19.6
Sub-advised accounts 28.1 26.1 30.2
Pzena Fund 2.6 2.5 2.7
Total $ 47.2 $ 45.0 $ 52.5
Investment strategy
WE Value Strategies
Large Cap Value $ 10.2 $ 9.7 $ 11.0
Mid cap value 2.6 2.5 3.0
Small Cap 2.4 2.2 2.5
Assess 0.5 0.6 0.7
Other WE Strategies 0.2 0.2 0.2
Total WE Value Strategies 15.9 15.2 17.4
Global and not-WE Value Strategies
Overall value 14.3 14.0 15.5
International value 7.8 6.7 8.9
Emerging Markets Value 5.9 5.8 7.2
European value 2.4 2.4 3.0
Other Global & Non-WE Value Strategies 0.9 0.9 0.5
Total Global & Non-WE Value Strategies 31.3 29.8 35.1
Total $ 47.2 $ 45.0 $ 52.5
Account domicile
WE $ 28.9 $ 26.9 $ 31.5
Nope-WE 18.3 18.1 21.0
Total $ 47.2 $ 45.0 $ 52.5

1 Figures may be rounded.

About Pzena
Pzena Investment Management, LLC, the Company’s operating company, is a value-oriented investment management company. Founded in 1995, Pzena Investment Management has built a diverse and global customer base. More information about companies and stocks is published on www.pzena.com.

Forward-looking statements
This press release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as fine. Forward-looking statements provide the Company’s current beliefs, expectations or forecasts regarding future events and performance, and include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate”, “believe”, “continue”, “in progress”, “estimate”, “expect”, “intend”, “may”, “plan” , “potential”, “predict”, “project” or similar words or expressions, or the negatives of such words or expressions, may identify forward-looking statements, but the absence of such words does not necessarily mean that a statement is not These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the markets in which the Company operates; new federal or state governmental regulations; the Company’s ability to operate, integrate and operate effectively any init past or future strategic initiative; statements regarding the previously announced agreement and proposed merger, dated July 26, 2022by and between the Company, Pzena Investment Management, LLCand Panda Merger Sub, LLC (the “Merger”) and Related Matters; the ability to meet expectations regarding the timing and completion of the merger; the occurrence of any event, change or other circumstance that may cause the merger agreement to be terminated; failure to obtain Company shareholder approval for the transaction or failure to satisfy any of the other conditions to the completion of the transaction; risks related to the financing required to complete the transaction; the effect of the announcement of the transaction on the Company’s ability to retain and hire key personnel and to maintain relationships with its customers, suppliers and others with whom it does business, or on its results of operations and its activities in general; risks associated with disruption of management’s attention to ongoing business operations as a result of the transaction; material transaction costs, fees, expenses and charges; the risk of litigation and/or regulatory actions related to the transaction; and other factors detailed in the company’s annual report on Form 10-K, as filed with the SECOND on March 9, 2022 and in the company’s quarterly reports on Form 10-Q as filed with the SECOND. In light of these risks, uncertainties, assumptions and factors, actual results could differ materially from those expressed or implied by the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date indicated or, if no date is indicated, as of the date of this release.

The Company is under no obligation and does not intend to make publicly available any update or other revision to any forward-looking statement to reflect circumstances existing after the date of this release or to reflect the occurrence of future events. , even if experience or future events clearly indicate that the expected results expressed or implied by such forward-looking statements will not be achieved.

Contact: Jessica Doran212-355-1600 or [email protected]

PDFs available: http://ml.globenewswire.com/Resource/Download/ae38faa6-3b06-41a7-9a44-048315a118b7

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Source: Pzena Investment Management Inc.

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