LSV Asset Management

LSV Asset Management

Company type	Private
Industry	Investment Management
Founded	1994; 31 years ago (1994)
Founders	Josef Lakonishok Andrei Shleifer Robert W. Vishny
Headquarters	155 North Wacker, Chicago, Illinois, U.S.
Key people	Josef Lakonishok (CEO)
AUM	US$96 billion (June 2024)
Owners	SEI Investments Company (39%) Josef Lakonishok (25%)
Number of employees	43 (2024)
Website	www.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 (now retired) 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. Archived (PDF) from the original on January 7, 2023. Retrieved January 7, 2023.
2. "HOWARD COUNTY RETIREMENT PLANS" (PDF). Archived from the original (PDF) on December 28, 2021. Retrieved January 7, 2023.
3. "Dailyii.com - How Harvard lost Russia". September 27, 2007. Archived from the original on September 27, 2007. Retrieved January 7, 2023.
4. "LSV locks down funds". Crain's Chicago Business. August 5, 2006. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
5. "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. "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.

External links

• Official website