CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Assets
Cash and Cash Equivalents	$ 25,196	$ 16,381
Restricted Cash	1,422	1,420
Due from Broker	2,095	30
Advisory Fees Receivable	17,329	15,275
Investments, at Fair Value	6,339	3,323
Receivable from Related Parties	41	63
Other Receivables	118	210
Prepaid Expenses and Other Assets	697	914
Deferred Tax Asset, Net of Valuation Allowance of $58,661 and $59,431, respectively	10,559	8,834
Property and Equipment, Net of Accumulated Depreciation of $2,934 and $2,727, respectively	1,896	1,952
TOTAL ASSETS	65,692	48,402
Liabilities:
Accounts Payable and Accrued Expenses	9,551	3,879
Due to Broker	9	0
Liability to Selling and Converting Shareholders	11,720	9,287
Deferred Compensation Liability	681	875
Other Liabilities	530	565
TOTAL LIABILITIES	22,491	14,606
Equity:
Preferred Stock	0	0
Additional Paid-In Capital	11,360	10,836
Retained Earnings/(Accumulated Deficit)	1,581	(357)
Total Pzena Investment Mangement, Inc.'s Equity	13,039	10,572
Non-Controlling Interests	30,162	23,224
TOTAL EQUITY	43,201	33,796
TOTAL LIABILITIES AND EQUITY	65,692	48,402
Class A [Member]
Equity:
Common Stock	98	93
Class B [Member]
Equity:
Common Stock	$ 0	$ 0