Pzena Investment Management, Inc. operates its business through Pzena Investment Management, LLC. Pzena Investment Management, LLC is an investment management company. As of December 31, 2010, it managed assets in 13 investment strategies across a range of market capitalizations in both United States and non-United States capital markets. As of December 31, 2010, it had a 23-member investment team. Its United States strategies included Large Cap Value, Value Service, Small Cap Value and other United States strategies. The Non-United States strategies included Global Value, EAFE Diversified Value and other non-United States strategies. It managed money on behalf of institutions and high-net-worth individuals and acted as sub-investment adviser to a range of Securities and Exchange Commission (SEC)-registered mutual funds and offshore funds.