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LSV Asset Management

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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

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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

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  1. ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on January 7, 2023. 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. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  5. ^ a b c d e f g "Using Behavioral Finance to Better Understand the Psychology of Investors". Institutional Investor. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  6. ^ a b "Analyze This". Forbes. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  7. ^ Lucchetti, Aaron (December 6, 1999). "SEI Is Building Its Assets; It's Just Hard to Say How". WSJ. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  8. ^ "SEI Investments awaiting payoff from spending on new strategies". Pensions & Investments. December 15, 2006. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  9. ^ "THE PRUDENTIAL SERIES FUND". www.sec.gov. June 20, 2007. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
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