Pzena Investment Management

In our 1Q 2026 Mid Cap quarterly update video, PM Evan Fox covers the quarter and walks through the portfolio moves we made in response to AI-related uncertainty, concerns around private credit, and the spike in energy prices. pzena.com/uk/institution…

In our latest episode, portfolio manager Dan Babkes joins Andy Williams, Director of Client & Portfolio Services, to discuss one of the most consequential questions in markets today: AI and Capital Cycles. Listen here - pzena.com/uk/institution…

In our 1Q 2026 International Small Cap Focused Value update, PM and Director of Research Matthew Ring covers the quarter's key detractors and contributors, as well as portfolio activity, including two new positions. Watch the full update here - pzena.com/uk/institution…

Climate policy can incentivize decarbonization without becoming an investment risk. In our latest piece, we examine three ways climate policy can fail and what better policy design could look like. Read more: pzena.com/uk/institution… #classicvalue #valueinvesting

In our Q1 2026 Small Cap Focused Value update, PM Evan Fox recaps a volatile quarter in which small caps held up better than large and value outperformed growth, walking through what drove performance and where we see opportunity. Watch the full update pzena.com/uk/institution…

MasterBrand has been pressured by low existing home sales and tariff impacts. In our 1Q 2026 Highlighted Holding, we explain why recent earnings reflect deferred demand and how the company is addressing tariff impacts. Read more here pzena.com/uk/institution…

Q1 2026 Global Value Quarterly Update is now available. Portfolio Manager Dan Babkes shares his perspective on the quarter across our global value strategies. Watch: pzena.com/uk/institution… #classicvalue #valueinvesting #superannuation

AI investment is unprecedented in scale, but transformative technology doesn’t always produce attractive returns for investors. Our Q1 2026 commentary examines where value investors see opportunity amid the uncertainty. Read more: pzena.com/uk/institution…

Physical climate risk presents a potential threat to corporate value. Our new primer explores the financial materiality, sectors most at risk, and how we integrate assessment into our process, including a case study on chocolate processor Barry Callebaut. pzena.com/uk/institution…

Allison Fisch, President of Pzena Investment Management, shares our belief that cycles of fear and recovery in emerging markets make them fertile ground for value investing. Learn more about our disciplined approach to value in emerging markets. pzena.com/uk/institution…

In our latest piece, we examine why we think passive exposure to U.S. large-cap value is not an effective substitute for a research-driven approach and why the current environment may be especially compelling for disciplined active managers. pzena.com/uk/institution…

The fourth quarter marked the end of a year in which markets were driven by momentum and speculation. In our 4Q Small Cap Value update, Evan Fox explains our reasoning and portfolio actions in this environment. pzena.com/uk/institution…

In our 2025 Stewardship Report, we discuss how financially material sustainability risks, from energy transition planning to regulatory impact, are integrated into our engagement efforts. The full report is now available: pzena.com/uk/institution…

In Q4, mid-cap stocks were depressed, underperforming large-caps and small-caps. In our 4Q25 video update, we go over what we're adding, what we're trimming, and how we're looking at individual companies' earnings potential. pzena.com/uk/institution…

Nasdaq eVestment has placed Pzena in their Q4 2025 Brand Awareness Ranking for most-recognized firms by consultants. pzena.com/americas/insti… This ranking was published in January 2026 for Q4 2025. Pzena did not provide any compensation in connection with obtaining this ranking.

This quarter’s update explores income pressure, policy shifts, and why we view these challenges as temporary rather than permanent. Learn about the cognac market and more in our 4Q International Small Cap video with PM Jason Doctor. pzena.com/uk/institution…

In our 4Q International Value update, we discuss how the prevailing themes of tariff concerns, persistent China headwinds, and the AI trade intersected with our bottom-up investment approach to shape both portfolio performance and decisions. Watch here: pzena.com/uk/institution…

Our Global Value Q4 video update with Co-CIO John Goetz reflects on how sentiment shifts translated into opportunity, particularly outside the U.S., and how we are rebalancing our portfolios. Watch to learn more: pzena.com/uk/institution…

Markets may have been driven by momentum in 2025, but our portfolio outcomes were shaped by company-specific turning points. In our 4Q Large Cap Value update, PM John Flynn walks through the specific factors behind key contributors and detractors. pzena.com/uk/institution…

Livewire Markets highlights our 30th Anniversary podcast episode with founder Rich Pzena and CEO Caroline Cai. This impactful review of Pzena's history reflects on lessons shaped by decades of investing. pzena.com/americas/insti…