Founded in 1996, the New York-based, classic value manager, Pzena Investment Management is responsible for US$55bn of assets under management, globally. Over the past 15 years, Pzena has established a strong presence in the Australian and New Zealand institutional markets with currently over A$6bn of assets under management.
Recently, Pzena has expanded its presence and resources in Australia to offer its capabilities in the wholesale wealth management channels, including to managed accounts, and their advisors, and approved product lists for major wealth management firms. Lonsec’s “Highly Recommended” rating of the two funds Pzena offers in Australia, Pzena Global Focused Value and Pzena Emerging Markets Value is an important step along this journey for our firm.
Over its 27-year history, Pzena has consistently applied its classic value philosophy across a range of equity capabilities, identifying good companies which are out of favour with investors, which are suffering temporary issues or challenges. Pzena’s 29-person investment team is responsible for conducting deepdive investment analysis to establish the normalised earnings power for such companies that screen in the cheapest quintile of our various investment universes.
Pzena’s CEO, Caroline Cai, who is also a Co-Portfolio Manager for the two strategies offered in Australia, commented “we are delighted that our capabilities have been recognised with these ratings by Lonsec, giving us the opportunity to take our tried and tested investment skills to new investors in the Australian advice market. Buying good companies that are ‘on sale’ in a disciplined manner should always be part of a well-structured portfolio.”