Pzena Investment Management

Saba Launches Campaign to Improve the Boards of 10 Poorly Governed and Underperforming Closed-End Funds Managed by BlackRock

Retrieved on: 
Wednesday, March 6, 2024
Asset Management, Professional Services, Finance, Investment, BFZ, Dais, Boaz Weinstein, KIPP, District court, Shavar Jeffries, Hunter College, BlackRock, Pzena Investment Management, Royal Bank, Chief of staff, Retirement, Royal Bank of Scotland, United Nations Security Council, Indian Sugar Mills Association, ECAT, Goldman Sachs, Comment, Lazard, Deutsche Bank, BNY, Risk management, NAV, MPA, MHN, Duke University, Investment company, Joint Chiefs of Staff

Last year, a leading independent proxy advisory firm chastised BlackRock for its ‘ abusive’ governance.

Key Points: 
  • Last year, a leading independent proxy advisory firm chastised BlackRock for its ‘ abusive’ governance.
  • Saba also won a lawsuit against BlackRock that should have ended its illegal efforts to deprive shareholders of their right to vote all of their shares.
  • BlackRock acts as if federal law does not apply to its CEFs by blatantly ignoring the Investment Company Act.
  • Under the Entrenchment Bylaw, any share not voted in a contested election is counted as a vote for BlackRock.

Pzena Investment Management calls on the Board of Gildan Activewear Inc. to re-appoint Glenn Chamandy as CEO

Retrieved on: 
Friday, December 15, 2023
TSX, Pzena Investment Management, Letter

The full text of the letter is as follows:

Key Points: 
  • The full text of the letter is as follows:
    Our firm, Pzena Investment Management (“Pzena” or “we”), beneficially owns more than 10 million shares of Gildan Activewear Inc., making us one of the largest shareholders of the Company.
  • We have been Gildan shareholders more than once in our firm’s history, and our current investment dates back to 2018.
  • We believe that Glenn Chamandy, Gildan’s former CEO, has a strong track record of operating and managing the business.
  • We disagree with the Board’s decision to terminate Glenn Chamandy and strongly urge the Board to reverse this decision and re-appoint Glenn Chamandy as the CEO of Gildan.

Browning West Sends Letter to Gildan Activewear’s Board Regarding the Need to Heed Unprecedented Shareholder Feedback and Reinstate Glenn Chamandy as CEO

Retrieved on: 
Wednesday, December 20, 2023
Banking, Asset Management, Professional Services, Finance, Janus, Risk, Fear, Marketing, LLP, Goodmans, Legislation, News, Letter, TSX, SVP, Pzena Investment Management, Janus Henderson

These investors are some of the Company’s longest-tenured shareholders and have a deep understanding of the business.

Key Points: 
  • These investors are some of the Company’s longest-tenured shareholders and have a deep understanding of the business.
  • We also have reason to believe there are many other shareholders who share our concerns but have yet to express them publicly.
  • With each passing day, the Board’s apparent arrogance and indifference validate that substantial change is urgently needed in Gildan’s boardroom.
  • Except as required by law, Browning West does not intend to update these forward-looking statements.

Pzena live on Matrix Investment Management Platform for portfolio optimization

Retrieved on: 
Tuesday, December 12, 2023
Pzena Investment Management, Rimes, Improper integral, Matrix, Richard Pzena

LONDON and NEW YORK, Dec. 12, 2023 /PRNewswire/ -- Rimes is pleased to announce that Pzena Investment Management has successfully entered into production on the Matrix investment management platform to support its efforts to streamline operations, mitigate risk, and enhance portfolio optimization capabilities.

Key Points: 
  • LONDON and NEW YORK, Dec. 12, 2023 /PRNewswire/ -- Rimes is pleased to announce that Pzena Investment Management has successfully entered into production on the Matrix investment management platform to support its efforts to streamline operations, mitigate risk, and enhance portfolio optimization capabilities.
  • This is the first time Rimes has implemented a compliance rule framework-based optimization process within Matrix.
  • According to Brian Mann, Chief Data Officer and Director of Operations at Pzena, "Going live with the Matrix portfolio optimization component is a significant milestone in our overall technology modernization program.
  • The Matrix platform simplifies the management of complex, multi-level investment and product structures, clarifying portfolio management and investment decisions.

Pzena live on Matrix Investment Management Platform for portfolio optimization

Retrieved on: 
Tuesday, December 12, 2023
Pzena Investment Management, Rimes, Improper integral, Matrix, Richard Pzena

LONDON and NEW YORK, Dec. 12, 2023 /PRNewswire/ -- Rimes is pleased to announce that Pzena Investment Management has successfully entered into production on the Matrix investment management platform to support its efforts to streamline operations, mitigate risk, and enhance portfolio optimization capabilities.

Key Points: 
  • LONDON and NEW YORK, Dec. 12, 2023 /PRNewswire/ -- Rimes is pleased to announce that Pzena Investment Management has successfully entered into production on the Matrix investment management platform to support its efforts to streamline operations, mitigate risk, and enhance portfolio optimization capabilities.
  • This is the first time Rimes has implemented a compliance rule framework-based optimization process within Matrix.
  • According to Brian Mann, Chief Data Officer and Director of Operations at Pzena, "Going live with the Matrix portfolio optimization component is a significant milestone in our overall technology modernization program.
  • The Matrix platform simplifies the management of complex, multi-level investment and product structures, clarifying portfolio management and investment decisions.

CREC Adds Senior Talent to Support Growing Multifamily Investment Platform

Retrieved on: 
Wednesday, July 26, 2023
JPMorgan Chase, Business development, Natural Capital Project, CREC, Ohio Wesleyan University, Lakes Region Facility, Investment, Capital market, Financial management, Pzena Investment Management, Business, Finance, Facility management, DeVry University, Nuveen, Knowledge, Accounting, Financial services, Economics

COLUMBUS, Ohio, July 26, 2023 /PRNewswire/ -- CREC Real Estate, LLC ("CREC"), a private equity real estate investment firm, today announced that Levi Williamson has joined as Director of Business Development. Williamson will focus on fundraising and growing the firm's relationships with institutional investors and financial intermediaries, in North America and globally.

Key Points: 
  • COLUMBUS, Ohio, July 26, 2023 /PRNewswire/ -- CREC Real Estate, LLC ("CREC"), a private equity real estate investment firm, today announced that Levi Williamson has joined as Director of Business Development.
  • Williamson will focus on fundraising and growing the firm's relationships with institutional investors and financial intermediaries, in North America and globally.
  • Williamson joins CREC with a 17-year track record of raising capital across numerous private and public investment vehicles.
  • He was previously Capital Project Manager and Regional Facilities Manager at GoldOller Real Estate Investments, a multifamily real estate investment company with properties across the US.

Axxes Capital Appoints Financial Services Veterans to Key Executive Positions

Retrieved on: 
Monday, May 22, 2023
JPMorgan Chase, American Century Investments, Marketing, IBD, Head, RIA, Pzena Investment Management, AXX, Rajiv, CMO, Veteran, Goldman Sachs, Capital Group Companies, Brookfield (corporation), Ox DaGrosa, Capital, Growth, CORAL, Wilshire Associates, Police, Financial services, Financial adviser, Security (finance)

CORAL GABLES, Fla., May 22, 2023 (GLOBE NEWSWIRE) -- Axxes Capital (“Axxes”), a new private markets investment firm designed specifically for financial advisors, announced today it has appointed industry veterans from Capital Group and GQG Partners to serve in key executive positions as the firm rounds out its leadership team and prepares for significant growth.

Key Points: 
  • CORAL GABLES, Fla., May 22, 2023 (GLOBE NEWSWIRE) -- Axxes Capital (“Axxes”), a new private markets investment firm designed specifically for financial advisors, announced today it has appointed industry veterans from Capital Group and GQG Partners to serve in key executive positions as the firm rounds out its leadership team and prepares for significant growth.
  • Gary Bachman, a former managing director and head of strategic initiatives at Rajiv Jain’s GQG Partners, has been appointed as Chief Financial Officer (“CFO”) for Axxes.
  • Kirk Kazanjian, former Chief Marketing Officer (“CMO”) for Capital Group’s private client business, has been appointed as global CMO for Axxes.
  • “Axxes Capital was built to deliver institutional-quality private market solutions for financial advisors to construct the ‘alternative’ allocation of client portfolios,” said Axxes founder, Chairman and CEO Joseph DaGrosa.

Pzena Investment Management implements Rimes' investment management platform Matrix

Retrieved on: 
Wednesday, May 10, 2023
IDM, Intelligence, Pzena Investment Management, Growth, Richard Pzena, Partnership, MD, Rimes, Asset management, Matrix

LONDON and NEW YORK, May 10, 2023 /PRNewswire/ -- Pzena Investment Management, LLC, a US-headquartered investment firm, is implementing Rimes' investment intelligence solution Matrix to support its efforts to streamline operations, mitigate risk, and enhance its portfolio optimization capabilities.

Key Points: 
  • LONDON and NEW YORK, May 10, 2023 /PRNewswire/ -- Pzena Investment Management, LLC, a US-headquartered investment firm, is implementing Rimes' investment intelligence solution Matrix to support its efforts to streamline operations, mitigate risk, and enhance its portfolio optimization capabilities.
  • The Matrix platform simplifies the management of complex, multi-level investment and product structures, clarifying portfolio management and investment decisions and providing Pzena with precisely what they were looking for.
  • Brian Mann, Chief Data Officer and Director of Operations at Pzena Investment Management, LLC, said, "Managing complexity is always a challenge.
  • "The relationship with Pzena Investment Management, LLC further demonstrates the flexibility and broad appeal of the Rimes IDM solution.

Pzena Investment Management implements Rimes' investment management platform Matrix

Retrieved on: 
Wednesday, May 10, 2023
IDM, Intelligence, Pzena Investment Management, Growth, Richard Pzena, Partnership, MD, Rimes, Asset management, Matrix

LONDON and NEW YORK, May 10, 2023 /PRNewswire/ -- Pzena Investment Management, LLC, a US-headquartered investment firm, is implementing Rimes' investment intelligence solution Matrix to support its efforts to streamline operations, mitigate risk, and enhance its portfolio optimization capabilities.

Key Points: 
  • LONDON and NEW YORK, May 10, 2023 /PRNewswire/ -- Pzena Investment Management, LLC, a US-headquartered investment firm, is implementing Rimes' investment intelligence solution Matrix to support its efforts to streamline operations, mitigate risk, and enhance its portfolio optimization capabilities.
  • The Matrix platform simplifies the management of complex, multi-level investment and product structures, clarifying portfolio management and investment decisions and providing Pzena with precisely what they were looking for.
  • Brian Mann, Chief Data Officer and Director of Operations at Pzena Investment Management, LLC, said, "Managing complexity is always a challenge.
  • "The relationship with Pzena Investment Management, LLC further demonstrates the flexibility and broad appeal of the Rimes IDM solution.

Pure Storage Accelerates Growth with New East Coast Sales Headquarters in New York City

Retrieved on: 
Wednesday, April 26, 2023
Code, Quinone, Pzena Investment Management, Woman, PSTG, Pure Storage, Growth, Pure, NYSE, Pennsylvania Plaza, Industrial design, Renewable energy

The new sales headquarters located in New York City will serve as the foundation to further support this growth and reach new customer demands as Pure continues to expand its portfolio of industry-leading enterprise data storage products and solutions.

Key Points: 
  • The new sales headquarters located in New York City will serve as the foundation to further support this growth and reach new customer demands as Pure continues to expand its portfolio of industry-leading enterprise data storage products and solutions.
  • Located at One Penn Plaza in Manhattan, the office provides expanded collaboration space for Pure Storage employees, customers, and partners.
  • Pure Storage is eager to leverage its expanded presence in New York City with a continued focus on giving back to the community.
  • - Mark Levine, Manhattan Borough President
    "We're excited for the opening of the new Pure Storage office in New York City.