Pzena Investment Management is a value-oriented investment management firm, serving the needs of a diverse, global client base. Founded in 1995, the firm has consistently employed a disciplined, research-driven approach to value investing, seeking to identify good businesses trading at prices below their intrinsic value. Pzena sees undervaluation as opportunity, performing fundamental research to assess whether earnings shortfalls are temporary or permanent, evaluate management’s recovery plans, and weigh outcomes should recovery not occur. The firm is headquartered in New York City and maintains business development/client service offices in Melbourne and London, along with an operational/distribution office in Dublin. The firm is fully privately owned by its employee members and certain other partners, including former employees. Pzena currently manages approximately $90 billion in assets, invested globally across market capitalizations, with all strategies employing the same philosophy, process, and team, focused on delivering long-term investment excellence for their clients.