Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns 
Organon Stock Surges After Reports of $13 Billion Buyout Bid by Sun Pharma 
Mercedes-Benz Faces Rising Competition in China but Rejects Price War Strategy 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure 
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push 
Nomura Shares Drop After Profit Miss Despite Strong Revenue Growth 
U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek 
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case 
$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion 
Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast 
Why Global Web3 Projects Can't Afford to Skip South Korea: TokenPost Unveils Data-Driven Entry Solutions 
SMC Corp Stock Surges as Palliser Capital Pushes for Major Share Buyback 
Daiichi Sankyo Stock Drops After Earnings Delay and Oncology Review 
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
NEW YORK, April 07, 2017 -- Pzena Investment Management, Inc. (NYSE:PZN) today reported its preliminary assets under management as of March 31, 2017.
AUM for month-end March 2017, month-end February 2017, and month-end March 2016 are listed below:
| Pzena Investment Management, Inc. | ||||||||||||
| Assets Under Management1 | ||||||||||||
| ($ billions) | ||||||||||||
| As of | As of | As of | ||||||||||
| March 31, 2017 | February 28, 2017 | March 31, 2016 | ||||||||||
| Account Type | ||||||||||||
| Institutional Accounts | $ | 17.8 | $ | 17.8 | $ | 14.5 | ||||||
| Retail Accounts | 14.2 | 14.2 | 11.6 | |||||||||
| Total | $ | 32.0 | $ | 32.0 | $ | 26.1 | ||||||
| Investment Strategy2 | ||||||||||||
| U.S. Value Strategies | ||||||||||||
| Large Cap Value | $ | 9.8 | $ | 10.2 | $ | 9.5 | ||||||
| Mid Cap Value | 2.6 | 2.6 | 2.1 | |||||||||
| Value | 2.0 | 2.1 | 1.8 | |||||||||
| Small Cap Value | 1.5 | 1.6 | 1.2 | |||||||||
| Other U.S. Strategies | 0.1 | 0.1 | 0.1 | |||||||||
| Total U.S. Value Strategies | 16.0 | 16.6 | 14.7 | |||||||||
| Global & Non-U.S. Value Strategies | ||||||||||||
| International Value | 5.2 | 5.1 | 4.1 | |||||||||
| Global Value | 4.8 | 4.8 | 3.7 | |||||||||
| Emerging Markets Value | 3.4 | 3.0 | 2.1 | |||||||||
| European Value | 2.5 | 2.3 | 1.3 | |||||||||
| Other Global & Non-U.S. Value Strategies | 0.1 | 0.2 | 0.2 | |||||||||
| Total Global & Non-U.S. Value Strategies | 16.0 | 15.4 | 11.4 | |||||||||
| Total | $ | 32.0 | $ | 32.0 | $ | 26.1 | ||||||
| Account Domicile | ||||||||||||
| U.S. | $ | 22.2 | $ | 22.3 | $ | 19.1 | ||||||
| Non-U.S. | 9.8 | 9.7 | 7.0 | |||||||||
| Total | $ | 32.0 | $ | 32.0 | $ | 26.1 | ||||||
| 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 10, 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].
