|Pzena Investment Management, Inc. is an investment management company. The Company is the sole managing member of Pzena Investment Management, LLC, which is its operating company. Pzena Investment Management, LLC is an investment management firm. The Company's global client base includes institutional investors, high-net-worth individuals and third-party distributed mutual funds for which the Company acts as sub-investment adviser. As of December 31, 2011, the Company managed assets in 12 investment strategies across a range of market capitalizations in both the United States and non-United States capital markets. As of December 31, 2011, the Company had a 23-member investment team. The Company's United States strategies include Large Cap Value, Value Service, Small Cap Value and other United States strategies. The Non-United States strategies include EAFE Value, Global Diversified Value, European Value and Emerging Markets Value.