SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Instagram Outage Disrupts Thousands of U.S. Users 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
NEW YORK, March 07, 2016 -- Pzena Investment Management, Inc. (NYSE:PZN) today reported its preliminary assets under management as of February 29, 2016.
AUM for month-end February 2016, month-end January 2016, and month-end February 2015 are listed below:
| Pzena Investment Management, Inc. | ||||||||||||
| Assets Under Management1 | ||||||||||||
| ($ billions) | ||||||||||||
| As of | As of | As of | ||||||||||
| February 29, 2016 | January 31, 2016 | February 28, 2015 | ||||||||||
| Account Type | ||||||||||||
| Institutional Accounts | $ | 13.2 | $ | 13.8 | $ | 16.3 | ||||||
| Retail Accounts | 10.8 | 10.7 | 12.3 | |||||||||
| Total | $ | 24.0 | $ | 24.5 | $ | 28.6 | ||||||
| Investment Strategy2 | ||||||||||||
| U.S. Value Strategies | ||||||||||||
| Large Cap Value | $ | 9.0 | $ | 9.1 | $ | 11.5 | ||||||
| Mid Cap Value | 1.9 | 1.9 | 1.9 | |||||||||
| Value | 1.6 | 1.6 | 1.8 | |||||||||
| Small Cap Value | 1.1 | 1.1 | 1.2 | |||||||||
| Other U.S. Strategies | — | — | — | |||||||||
| Total U.S. Value Strategies | 13.6 | 13.7 | 16.4 | |||||||||
| Global & Non-U.S. Value Strategies | ||||||||||||
| International Value | 3.8 | 3.8 | 3.7 | |||||||||
| Global Value | 3.4 | 3.9 | 5.8 | |||||||||
| Emerging Markets Value | 1.8 | 1.8 | 1.8 | |||||||||
| European Value | 1.2 | 1.1 | 0.8 | |||||||||
| Other Global & Non-U.S. Value Strategies | 0.2 | 0.2 | 0.1 | |||||||||
| Total Global & Non-U.S. Value Strategies | 10.4 | 10.8 | 12.2 | |||||||||
| Total | $ | 24.0 | $ | 24.5 | $ | 28.6 | ||||||
| Account Domicile | ||||||||||||
| U.S. | $ | 17.7 | $ | 17.9 | $ | 20.0 | ||||||
| Non-U.S. | 6.3 | 6.6 | 8.6 | |||||||||
| Total | $ | 24.0 | $ | 24.5 | $ | 28.6 | ||||||
| 1 Numbers may be subject to rounding. | ||||||||||||
| 2 Inclusive of our Expanded Value, Focused Value and variations thereof. | ||||||||||||
About Pzena
Pzena Investment Management, LLC, the firm's operating company, is a value-oriented investment management firm. Founded in 1995, Pzena Investment Management has built a diverse, global client base. More firm and stock information is posted at www.pzena.com.
Forward-Looking Statements
This press release may contain, in addition to historical information, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current assumptions, expectations and projections about future events. Words like “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of the Company's management and involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Among the factors that could cause actual results to differ from those expressed or implied by a forward-looking statement are those described in the sections entitled “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in the Company's Annual Report on Form 10-K, as filed with the SEC on March 13, 2015 and in the Company's Quarterly Reports on Form 10-Q as filed with the SEC. In light of these risks, uncertainties, assumptions, and factors, actual results could differ materially from those expressed or implied in the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this release.
The Company is not under any obligation and does not intend to make publicly available any update or other revisions to any forward-looking statements to reflect circumstances existing after the date of this release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.
Contact: Gary Bachman, 212-355-1600 or [email protected]
