Powered by MOMENTUM MEDIA

Pzena opens emerging markets fund

By Reporter
 — 1 minute read

New York-based fund manager Pzena Investment Management has launched the first of two Australian pooled investment vehicles targeted at institutional investors.

The Pzena Emerging Markets Value Fund was opened in October with $70 million in seed funding and is available to Australian and New Zealand institutional investors.

The fund has a concentrated portfolio of approximately 50 companies selected from a universe of 750 non-developed market companies. Equity Trustees is the responsible entity of the fund. 

Advertisement
Advertisement

Pzena Investment Management manages close to US$30 billion globally and is headquartered in New York.

The opening of the Emerging Markets Value Fund is planned to be followed by the launch of the Pzena Global Expanded Value fund in early 2017.

Pzena already has a presence in Australia with a $2 billion separate accounts business, according to the firm's director of business development and client services in Australia, David Taylor.

Mr Taylor said the new Australian funds would exclude tobacco and cluster munitions manufacturers.

Read more:

Don't allow 'predatory' mergers: NESS Super

ASIC to target bank cross-selling

Impact Investment Group launches venture fund

CFS hires responsible investment manager

Australian infrastructure returns below average


The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

 

Pzena opens emerging markets fund
investordaily image
ID logo

 

related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.