Investment firm based in Chicago
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
^ "Form ADV" (PDF) . SEC . Archived (PDF) from the original on January 7, 2023. Retrieved January 7, 2023 .
^ 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 .
^ a b c "Dailyii.com - How Harvard lost Russia" . September 27, 2007. Archived from the original on September 27, 2007. Retrieved January 7, 2023 .
^ 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 .
^ 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 .
^ a b "Analyze This" . Forbes . Archived from the original on January 7, 2023. Retrieved January 7, 2023 .
^ 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 .
^ "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 .
^ "THE PRUDENTIAL SERIES FUND" . www.sec.gov . June 20, 2007. Archived from the original on January 7, 2023. Retrieved January 7, 2023 .
External links