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  "documentTitle": "Pzena Investment Management | Mergers and Acquisitions Presentation Deck | 23 slides",
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  "authorName": "Pzena Investment Management",
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  "presentationDate": "2022-10-01 00:00:00",
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      "text": "Being public has an adverse impact on our business.",
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      "text": "Our team strongly prefers privately-held boutique managers. As a public company Pzena cannot be on that list.\nWe favor managers who are fully employee-owned; public ownership is a negative for us.\nWe dislike their public listing. We cannot rate them our highest rating because we are not comfortable with the risks related to long-term ownership. The public brings a layer of uncertainty that makes us uncomfortable.\nBeing public has caused Pzena to adhere to the public company regulatory rules. Thus when we ask for data, sometimes we are told they have to delay releasing the information to be sure they are releasing the information to the public at the same time. We just do not like our managers to be controlled by public company rules.",
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      "text": "Reasons for Transaction (Continued)",
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