Seatrium Reaches $475 Million Settlement With Maersk Over Offshore Wind Vessel Project 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
NEW YORK, April 07, 2016 -- Pzena Investment Management, Inc. (NYSE:PZN) today reported its preliminary assets under management as of March 31, 2016.
AUM for month-end March 2016, month-end February 2016, and month-end March 2015 are listed below:
| Pzena Investment Management, Inc. | ||||||||||||
| Assets Under Management1 | ||||||||||||
| ($ billions) | ||||||||||||
| As of | As of | As of | ||||||||||
| March 31, 2016 | February 29, 2016 | March 31, 2015 | ||||||||||
| Account Type | ||||||||||||
| Institutional Accounts | $ | 14.5 | $ | 13.2 | $ | 15.9 | ||||||
| Retail Accounts | 11.6 | 10.8 | 12.0 | |||||||||
| Total | $ | 26.1 | $ | 24.0 | $ | 27.9 | ||||||
| Investment Strategy2 | ||||||||||||
| U.S. Value Strategies | ||||||||||||
| Large Cap Value | $ | 9.5 | $ | 9.0 | $ | 11.1 | ||||||
| Mid Cap Value | 2.1 | 1.9 | 1.9 | |||||||||
| Value | 1.8 | 1.6 | 1.8 | |||||||||
| Small Cap Value | 1.2 | 1.1 | 1.2 | |||||||||
| Other U.S. Strategies | 0.1 | — | — | |||||||||
| Total U.S. Value Strategies | 14.7 | 13.6 | 16.0 | |||||||||
| Global & Non-U.S. Value Strategies | ||||||||||||
| International Value | 4.1 | 3.8 | 3.6 | |||||||||
| Global Value | 3.7 | 3.4 | 5.7 | |||||||||
| Emerging Markets Value | 2.1 | 1.8 | 1.7 | |||||||||
| European Value | 1.3 | 1.2 | 0.8 | |||||||||
| Other Global & Non-U.S. Value Strategies | 0.2 | 0.2 | 0.1 | |||||||||
| Total Global & Non-U.S. Value Strategies | 11.4 | 10.4 | 11.9 | |||||||||
| Total | $ | 26.1 | $ | 24.0 | $ | 27.9 | ||||||
| Account Domicile | ||||||||||||
| U.S. | $ | 19.1 | $ | 17.7 | $ | 19.8 | ||||||
| Non-U.S. | 7.0 | 6.3 | 8.1 | |||||||||
| Total | $ | 26.1 | $ | 24.0 | $ | 27.9 | ||||||
| 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 Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements provide the Company’s current views, expectations, or forecasts of 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,” “ongoing,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking.
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 14, 2016 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].
