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Pzena Investment Management has released its Q4 2025 letter to clients, providing an update on the company's performance and investment strategy. As of December 2025, the firm managed approximately $53 billion in assets, with a global client base. The letter, penned by CEO Richard Pzena, highlights the company's value investing approach, which focuses on identifying undervalued companies with strong fundamentals. During Q4 2025, Pzena Investment Management's portfolios outperformed their respective benchmarks, driven by investments in the financial and healthcare sectors. The firm's investment team, led by Pzena, attributes this success to their disciplined approach and ability to navigate market volatility. With a long-term perspective, Pzena Investment Management aims to continue delivering strong returns for its clients. The Q4 2025 letter also provides insight into the firm's outlook for 2026, citing opportunities in the current market environment. As a leading investment management firm, Pzena's performance and strategy are closely watched by industry professionals and investors alike.