LSV Asset Management
Company typePrivate
IndustryInvestment Management
Founded1994; 30 years ago (1994)
Founders
Headquarters155 North Wacker, Chicago, Illinois, U.S.
Key people
Josef Lakonishok (CEO)
AUMUS$92 billion (December 31, 2022)
OwnersSEI Investments Company (39%)
Josef Lakonishok (25%)
Number of employees
45 (2022)
Websitewww.lsvasset.com
Footnotes / references
[1][2]

LSV Asset Management (LSV) is an American quantitative investment management firm headquartered in Chicago. The firm provides equity management services for institutional investors.

Background

LSV was founded in 1994 by Josef Lakonishok, Andrei Shleifer and Robert W. Vishny.[2][3][4][5] The three of them were working in academia where they were Professors in the fields of Economics and Finance.[2][3][4][5] Lakonishok is a professor at University of Illinois at Urbana-Champaign while Shleifer and Vishny are professors at Harvard University and University of Chicago respectively.[5][6] They focused on the field of Behavioral Finance.[2][3][4][5] LSV is the first letter of each co-founders surname.[6] SEI Investments Company backed the firm in exchange for a 51% stake.[2][4][7][8]

In 2003, Shleifer sold his entire ownership of the firm and retired from firm to focus on his academic career.[4][5] In 2006, Vishny reduced his ownership of the firm to 6% and retired from the firm at the end of 2007.[4][5][9]

LSV is an active manager that uses a quantitative approach to value investing in the stock market.[2][5]

The majority of the firm is owned by current and former employees while a minority stake is held by SEI Investments Company.[2]

References

  1. ^ "Form ADV" (PDF). SEC. Retrieved January 7, 2023.
  2. ^ a b c d e f g "HOWARD COUNTY RETIREMENT PLANS" (PDF). Archived from the original (PDF) on December 28, 2021. Retrieved January 7, 2023.
  3. ^ a b c "Dailyii.com - How Harvard lost Russia". September 27, 2007. Archived from the original on September 27, 2007. Retrieved January 7, 2023.
  4. ^ a b c d e f "LSV locks down funds". Crain's Chicago Business. August 5, 2006. Retrieved January 7, 2023.
  5. ^ a b c d e f g "Using Behavioral Finance to Better Understand the Psychology of Investors". Institutional Investor. Retrieved January 7, 2023.
  6. ^ a b "Analyze This". Forbes. Retrieved January 7, 2023.
  7. ^ Lucchetti, Aaron (December 6, 1999). "SEI Is Building Its Assets; It's Just Hard to Say How". WSJ. Retrieved January 7, 2023.
  8. ^ "SEI Investments awaiting payoff from spending on new strategies". Pensions & Investments. December 15, 2006. Retrieved January 7, 2023.
  9. ^ "THE PRUDENTIAL SERIES FUND". www.sec.gov. June 20, 2007. Retrieved January 7, 2023.

External links

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