Trump Administration Probes Corporate DEI Programs, Raising Questions for Google Stock 
L&F Tesla Battery Supply Deal Value Drops Sharply Amid EV Market Slowdown 
Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions 
SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round 
Anghami Stock Soars After Strong H1 2025 Results, Revenue Nearly Doubles on OSN+ Integration 
Australia’s Modern Gold Rush: Hobby Prospectors Flock to Victoria’s Golden Triangle 
Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy 
Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel 
Vanda Pharmaceuticals Wins FDA Approval for New Motion Sickness Drug After Four Decades 
Hyundai Faces Deadline on Russia Plant Buyback Amid Ukraine War and Sanctions 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China as Competition Intensifies 
BP’s Castrol Stake Sale Raises Debt Relief Hopes but Sparks Cash Flow Concerns 
Royalty Pharma Stock Rises After Acquiring Full Evrysdi Royalty Rights from PTC Therapeutics 
Lloyds Banking Group to Close Invoice Factoring Business by End of 2025 
Star Entertainment Leadership Shake-Up Deepens as CFO and COO Exit Amid Ongoing Restructuring 
NEW YORK, Oct. 09, 2017 -- Pzena Investment Management, Inc. (NYSE:PZN) today reported its preliminary assets under management as of September 30, 2017.
AUM for month-end September 2017, month-end August 2017, and month-end September 2016 are listed below:
| Pzena Investment Management, Inc. | ||||||||||||
| Assets Under Management1 | ||||||||||||
| ($ billions) | ||||||||||||
| As of | As of | As of | ||||||||||
| September 30, 2017 | August 31, 2017 | September 30, 2016 | ||||||||||
| Account Type | ||||||||||||
| Institutional Accounts | $ | 19.7 | $ | 19.0 | $ | 15.9 | ||||||
| Retail Accounts | 15.7 | 15.1 | 11.5 | |||||||||
| Total | $ | 35.4 | $ | 34.1 | $ | 27.4 | ||||||
| Investment Strategy | ||||||||||||
| U.S. Value Strategies | ||||||||||||
| Large Cap Value | $ | 10.5 | $ | 10.1 | $ | 9.1 | ||||||
| Mid Cap Value | 2.7 | 2.5 | 2.3 | |||||||||
| Value | 2.1 | 2.0 | 1.8 | |||||||||
| Small Cap Value | 1.6 | 1.4 | 1.3 | |||||||||
| Other U.S. Strategies | 0.1 | 0.1 | — | |||||||||
| Total U.S. Value Strategies | 17.0 | 16.1 | 14.5 | |||||||||
| Global & Non-U.S. Value Strategies | ||||||||||||
| International Value | 5.8 | 5.7 | 4.5 | |||||||||
| Global Value | 5.6 | 5.4 | 4.4 | |||||||||
| Emerging Markets Value | 3.8 | 3.9 | 2.5 | |||||||||
| European Value | 3.1 | 2.9 | 1.4 | |||||||||
| Other Global & Non-U.S. Value Strategies | 0.1 | 0.1 | 0.1 | |||||||||
| Total Global & Non-U.S. Value Strategies | 18.4 | 18.0 | 12.9 | |||||||||
| Total | $ | 35.4 | $ | 34.1 | $ | 27.4 | ||||||
| Account Domicile | ||||||||||||
| U.S. | $ | 23.9 | $ | 23.0 | $ | 19.7 | ||||||
| Non-U.S. | 11.5 | 11.1 | 7.7 | |||||||||
| Total | $ | 35.4 | $ | 34.1 | $ | 27.4 | ||||||
| 1 Numbers may be subject to rounding. | ||||||||||||
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 13, 2017 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].
