Organization

6 Months Ended

Jun. 30, 2012

Organization [Abstract]

Organization

Note 1-Organization

Pzena Investment Management, Inc. (the "Company") functions as the sole managing member of its operating company, Pzena Investment Management, LLC (the "operating company").   As a result, the Company: (i) consolidates the financial results of the operating company and reflects the membership interest in it that it does not own as a non-controlling interest in its consolidated financial statements; and (ii) recognizes income generated from its economic interest in the operating company's net income.

Pzena Investment Management, LLC is an investment adviser which is registered under the Investment Advisers Act of 1940 and is headquartered in New York, New York.  As of June 30, 2012, the operating company managed assets in a variety of value-oriented investment strategies across a wide range of market capitalizations in both U.S. and non-U.S. capital markets.

The Company, through its investment in its operating company, has consolidated the results of operations and financial condition of the following entities as of June 30, 2012:

		Operating Company's
		Ownership at
Legal Entity	Type of Entity (Date of Formation)	June 30, 2012
Pzena Investment Management, Pty	Australian Proprietary Limited Company (12/16/2009)		100.0	%
Pzena Investment Management Special Situations, LLC	Delaware Limited Liability Company (12/01/2010)		99.9	%
Pzena Large Cap Value Fund	Massachusetts Trust (11/01/2002)		0.0	%
Pzena International Value Service	Delaware Limited Liability Company (12/22/2003)		0.0	%