Pzena Investment Management Appointed by St. James’s Place as Co-Manager of Its Global Value Fund
July 13 2020 - 03:35PM
Pzena Investment Management announced its appointment by St.
James's Place PLC as a manager in its Global Value Fund. Pzena will
manage 50% of the fund based on its Global Focused Value strategy,
its flagship global strategy managed since 2004.
William Lipsey, President of Pzena commented: "Our appointment
marks an important milestone in our firm's history, coming as it
does 25 years since the firm's inception and five years since we
opened our London office. Pzena has a proud history of partnering
with sophisticated, long-term clients around the world. St. James's
Place is the leading wealth manager in the UK with an impressive
history of growth and innovation in the UK retail market who share
our commitment to achieving long-term investment success for
clients."
Rich Pzena, the firm's founder commented: "We attribute the
depth of our resources, our long tenure as an investment team, our
outstanding client service, and the fact that we are unwavering in
our commitment to value investing as the reasons for our selection.
As has happened in past cycles, many firms who describe themselves
as value managers avoid the deepest value opportunities when the
environment is tough as a compromise to near-term business
pressures. Never before has this been more true than today when
there is so much uncertainty in markets and concern amongst
investors. Our clients know that we will not deviate from true
value investing, and that such commitment is necessary to achieve
long-term investment success."
About PzenaPzena Investment Management, LLC
(“Pzena”), an independent, registered investment advisor, began
managing assets in 1996. Pzena employs a deep value investment
approach. It manages US, non-US, and global portfolios with a goal
of long-term alpha generation. As of June 30, 2020, Pzena managed
approximately US$31.5 billion in assets, invested across market
caps globally, and the firm consisted of 120 employees, primarily
based in New York City. Pzena also has business development/client
service offices in London, United Kingdom and Melbourne,
Australia.
More firm information is posted at Pzena: www.pzena.com and
St. James’s Place: www.sjp.co.uk.
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, 2020 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: Phil Hoffman, +44 (0)20-3959-2371
or hoffman@pzena.com.
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