Feedback
European Shorting
My Portfolios
Browse Gurus
Print
Email
Richard Pzena has had outstanding investment performances. During the past 11 years, he has averaged more than 16% a year, outperforming both S&P500 and Russell 1000 Value indices by wide margins. The road was never smooth for these outstanding returns. During the go-go years of 1990’s, his performance trailed the indices. He lost quite a number of clients back then, according to a speech given by Joel Greenblatt.
After the bubble burst, Richard Pzena has achieved great performances. The asset under management at his firm has been growing at 69% a year. It does not take long to grow from $3.1 billion to $28.5 billion at 69% a year. It is time for an IPO.
There will be two classes of shares, Class A and Class B. Class A will be listed at NYSE with symbol of “PZN”. Each share of Class B common stock will entitle its holder to five votes instead of one with Class A shares. The total IPO size is expected to be around $150 million.
To read the IPO filing, click here: [www.sec.gov]
Subscribe RSS
- 5 years ago
RSS