David Taylor

Pzena Investment Management, LLC (Pzena), a New York-based, global investment firm, is delighted to announce the launch of the first of two Australian pooled vehicles: the Pzena Emerging Markets Value Fund.

Equity Trustees Limited has been chosen as the responsible entity of the funds.

Established as an independent Trustee and Executor company in 1888, Equity Trustees has become one of Australia’s largest independent trustee companies.

The Pzena Emerging Markets Value Fund is available to institutional investors in Australia and New Zealand, and was opened in October with A$70 million of seeding. The Fund has a concentrated portfolio of approximately 50 companies selected from some of the most undervalued names in its 750 non-developed market company investment universe.

Pzena’s Director of Business Development & Client Services in Australia, David Taylor, said the new funds are a logical extension of Pzena’s A$2 billion separate accounts business in Australia, demonstrating that the firm is committed to offering a variety of services and vehicles to investors. Further, he said that the funds will exclude tobacco and cluster munitions manufacturers, a decision that was based on the firm’s many years working with institutional clients in the region.

Pzena – with Equity Trustees Limited as responsible entity – plans to launch their second Australian pooled vehicle: the Pzena Global Expanded Value Fund, early in 2017.

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