Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
SpaceX Targets Starship Flight 14 With First V3 Starlink Satellite Launch 
SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations 
Infineon Raises 2026 Revenue Outlook as AI Data Center Demand Fuels Record Quarterly Sales 
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management 
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
NEW YORK, March 07, 2018 --
Pzena Investment Management, Inc. (NYSE:PZN) today reported its preliminary assets under management as of February 28, 2018.
AUM for month-end February 2018, month-end January 2018, and month-end February 2017 are listed below:
Pzena Investment Management, Inc.
Assets Under Management1
($ billions)
| As of | As of | As of | ||||||||||
| February 28, 2018 | January 31, 2018 | February 28, 2017 | ||||||||||
| Account Type2 | ||||||||||||
| Separately Managed Accounts | $ | 15.0 | $ | 15.7 | $ | 13.1 | ||||||
| Sub-Advised Accounts | 21.7 | 22.9 | 17.5 | |||||||||
| Pzena Funds | 1.8 | 1.9 | 1.4 | |||||||||
| Total | $ | 38.5 | $ | 40.5 | $ | 32.0 | ||||||
| Investment Strategy | ||||||||||||
| U.S. Value Strategies | ||||||||||||
| Large Cap Value | $ | 11.0 | $ | 11.6 | $ | 10.2 | ||||||
| Mid Cap Value | 2.9 | 3.0 | 2.6 | |||||||||
| Value | 2.2 | 2.3 | 2.1 | |||||||||
| Small Cap Value | 1.4 | 1.5 | 1.6 | |||||||||
| Other U.S. Strategies | 0.1 | 0.2 | 0.1 | |||||||||
| Total U.S. Value Strategies | 17.6 | 18.6 | 16.6 | |||||||||
| Global & Non-U.S. Value Strategies | ||||||||||||
| Global Value | 6.8 | 7.1 | 4.8 | |||||||||
| International Value | 6.3 | 6.6 | 5.1 | |||||||||
| Emerging Markets Value | 4.5 | 4.7 | 3.0 | |||||||||
| European Value | 3.2 | 3.4 | 2.3 | |||||||||
| Other Global & Non-U.S. Value Strategies | 0.1 | 0.1 | 0.2 | |||||||||
| Total Global & Non-U.S. Value Strategies | 20.9 | 21.9 | 15.4 | |||||||||
| Total | $ | 38.5 | $ | 40.5 | $ | 32.0 | ||||||
| Account Domicile | ||||||||||||
| U.S. | $ | 25.6 | $ | 26.8 | $ | 22.3 | ||||||
| Non-U.S. | 12.9 | 13.7 | 9.7 | |||||||||
| Total | $ | 38.5 | $ | 40.5 | $ | 32.0 | ||||||
| 1 Numbers may be subject to rounding. | ||||||||||||
| 2 Beginning January 2018, the Company changed the classification of assets under management ("AUM") to better reflect the composition of its client base. The Company now groups its assets into three new categories: Separately Managed Accounts, Sub-Advised Accounts, and Pzena Funds, which better illustrate the characteristics inherent in its client relationships. Historical data has been reclassified for all periods presented and did not impact reported totals of AUM. | ||||||||||||
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 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].
A PDF accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/f968ce3b-45b2-4bae-8038-d5b1e5d6e435
