Second fund rolled out by value manager
New York-based classic value equities investment firm, Pzena Investment Management, is launching its second fund in Australasia.
The Pzena Global Focused Value Fund will sit alongside the previously launched Pzena Emerging Markets Value Fund. It is available to institutional and retail
investors in Australia and New Zealand.
The Fund will be managed in accordance with Pzena’s classic value philosophy of building concentrated equity portfolios of deeply undervalued companies. The fund will hold 40-60
stocks that sell at substantial discounts to their normal earnings’ potential.
Stocks are identified through a bottom-up security selection process, based on thorough fundamental research, from a universe of the 2,000 largest publicly traded companies globally.
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