LSV Asset Management

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

LSV Asset Management
TypePrivate
IndustryInvestment Management
Founded1994 (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]

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 7 January 2023.
  2. "HOWARD COUNTY RETIREMENT PLANS" (PDF). Archived from the original (PDF) on 2021-12-28. Retrieved 7 January 2023.
  3. "Dailyii.com - How Harvard lost Russia". 2007-09-27. Archived from the original on 2007-09-27. Retrieved 2023-01-07.
  4. "LSV locks down funds". Crain's Chicago Business. 2006-08-05. Retrieved 2023-01-07.
  5. "Using Behavioral Finance to Better Understand the Psychology of Investors". Institutional Investor. Retrieved 2023-01-07.
  6. "Analyze This". Forbes. Retrieved 2023-01-07.
  7. Lucchetti, Aaron (December 6, 1999). "SEI Is Building Its Assets; It's Just Hard to Say How". WSJ. Retrieved 2023-01-07.
  8. "SEI Investments awaiting payoff from spending on new strategies". Pensions & Investments. 2006-12-15. Retrieved 2023-01-07.
  9. "THE PRUDENTIAL SERIES FUND". www.sec.gov. June 20, 2007. Retrieved 2023-01-07.
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