Pzena Investment Management, Inc. Announces November 30, 2021 Assets Under Management

Rhea-AI Summary

Pzena Investment Management (NYSE: PZN) announced its preliminary assets under management (AUM) for November 2021, totaling $49.8 billion. This figure represents a decline from $53.0 billion in October 2021 and $40.7 billion in November 2020. The breakdown includes $18.4 billion in Separately Managed Accounts, $28.8 billion in Sub-Advised Accounts, and $2.6 billion in Pzena Funds. AUM changes may impact investor perception and market performance.

Positive

• Total assets under management as of November 30, 2021 were $49.8 billion.
• Year-over-year increase in AUM from $40.7 billion in November 2020.

Negative

• AUM decreased from $53.0 billion in October 2021, indicating a loss of investor confidence.

NEW YORK, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Pzena Investment Management, Inc. (NYSE: PZN) today reported its preliminary assets under management as of November 30, 2021.

AUM for month-end November 2021, month-end October 2021, and month-end November 2020 are listed below:

Pzena Investment Management, Inc.
Assets Under Management1
($ billions)
		As of			As of			As of
		November 30, 2021			October 31, 2021			November 30, 2020
Account Type
Separately Managed Accounts		$	18.4		$	19.6		$	16.0
Sub-Advised Accounts			28.8			30.6			22.3
Pzena Funds			2.6			2.8			2.4
Total		$	49.8		$	53.0		$	40.7
Investment Strategy
U.S. Value Strategies
Large Cap Value		$	11.2		$	11.7		$	8.7
Mid Cap Value			2.9			3.1			2.7
Small Cap Value			2.5			2.6			1.8
Value			0.7			0.7			0.6
Other U.S. Strategies			0.2			0.2			0.2
Total U.S. Value Strategies			17.5			18.3			14.0
Global & Non-U.S. Value Strategies
Global Value			14.7			15.6			10.9
International Value			7.4			8.2			6.8
Emerging Markets Value			6.9			7.3			5.9
European Value			2.8			3.1			2.7
Other Global & Non-U.S. Value Strategies			0.5			0.5			0.4
Total Global & Non-U.S. Value Strategies			32.3			34.7			26.7
Total		$	49.8		$	53.0		$	40.7
Account Domicile
U.S.		$	30.6		$	32.5		$	25.2
Non-U.S.			19.2			20.5			15.5
Total		$	49.8		$	53.0		$	40.7

^{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 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, 2021 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: Jessica Doran, 212-355-1600 or doran@pzena.com.

PDF available: http://ml.globenewswire.com/Resource/Download/6c3b0932-9d2d-4e76-8ab8-bc5c45e34eb7

FAQ

What is the current assets under management for PZN as of November 2021?

Pzena Investment Management reported its assets under management as $49.8 billion as of November 30, 2021.

How does PZN's assets under management compare to previous months?

PZN's AUM declined from $53.0 billion in October 2021 and increased from $40.7 billion in November 2020.

What accounts contributed to PZN's total assets under management?

The total AUM of $49.8 billion includes $18.4 billion in Separately Managed Accounts, $28.8 billion in Sub-Advised Accounts, and $2.6 billion in Pzena Funds.