CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and Cash Equivalents	$ 26,055	$ 33,878
Restricted Cash	2,690	316
Due from Broker	1,189	58
Advisory Fees Receivable	23,904	23,947
Investments, at Fair Value	15,289	7,621
Receivable from Related Parties	124	119
Other Receivables	476	550
Prepaid Expenses and Other Assets	731	577
Deferred Tax Asset, Net of Valuation Allowance of $44,450 and $53,973 in 2014 and 2013, respectively	12,505	12,312
Property and Equipment, Net of Accumulated Depreciation of $2,958 and $2,850 in 2014 and 2013, respectively	869	835
TOTAL ASSETS	83,832	80,213
Liabilities:
Accounts Payable and Accrued Expenses	11,071	5,570
Due to Broker	1,119	5
Securities Sold Short, at Fair Value	1,438	0
Deferred Compensation Liability	1,105	2,339
Lease Liability	565	778
Liability to Selling and Converting Shareholders	12,955	12,777
Other Liabilities	294	195
TOTAL LIABILITIES	28,547	21,664
Equity:
Preferred Stock (Par Value $0.01; 200,000,000 Shares Authorized; None Outstanding)	0	0
Additional Paid-In Capital	9,633	9,750
Retained Earnings	6,532	6,491
Total Pzena Investment Management, Inc.'s Equity	16,287	16,362
Non-Controlling Interests	38,998	42,187
TOTAL EQUITY	55,285	58,549
TOTAL LIABILITIES AND EQUITY	83,832	80,213
Class A Common Stock (Par Value $0.01; 750,000,000 Shares Authorized; 12,210,366 and 12,158,057 Shares Issued and Outstanding in 2014 and 2013, respectively)
Equity:
Common Stock	122	121
Class B Common Stock (Par Value $0.000001; 750,000,000 Shares Authorized; 52,882,465 and 52,820,720 Shares Issued and Outstanding in 2014 and 2013, respectively)
Equity:
Common Stock	$ 0	$ 0