Pzena Investment Management : PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES
AUGUST 31, 2013 ASSETS UNDER MANAGEMENT
New York, NY, September 9, 2013: Pzena Investment Management, Inc. (NYSE:
PZN) today reported its preliminary assets under management as of August 31,
AUM for month-end August 2013, month-end July 2013, and month-end August 2012
are listed below:
Pzena Investment Management, Inc.
Assets Under Management (1)
As of As of As of
August 31, 2013 July 31, 2013 August 31, 2012
U.S. Value $ $ $
Strategies 13.6 14.2 10.5
Strategies 5.3 4.8 4.0
Value 2.7 2.4 1.9
Total $ $ $
21.6 21.4 16.4
Institutional $ $ $
Accounts 13.8 13.2 10.9
Accounts 7.8 8.2 5.5
Total $ $ $
21.6 21.4 16.4
(1) Numbers may be subject to rounding. During 2013, approximately $0.1 billion of
previously reported assets under management in U.S. Value Strategies has been reclassified
to Global Value Strategies. Historical information has been reclassified for all periods
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.
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 12, 2013 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@example.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Pzena Investment Management via Thomson Reuters ONE
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