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Pzena’s managing principal hands in resignation

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A. Rama Krishna, a managing principal and portfolio manager at the Pzena Investment Management’s operating company, is leaving the firm for personal/family reasons.

A. Rama Krishna, a managing principal and portfolio manager at the Pzena Investment Management’s operating company, is leaving the firm for personal/family reasons.

Krishna (pictured) has agreed to be available for client consultation and to otherwise assist the firm during a transition period of up to one year.

Krishna has been with Pzena since 2003. He led the development of the firm’s international and global strategies and he has served as a member of the executive committee. With his departure, co-portfolio managers John Goetz and Michael Peterson will be joined by Caroline Cai to manage Pzena’s international and global strategies, with continued support provided by the firm’s team of research analysts.

In a letter sent to Pzena’s clients, Krishna said that his decision to leave the firm reflects his desire to assist his ailing parents in India and to devote his full energies to addressing their needs.

In his letter, Krishna said: "This is an extraordinarily difficult decision for me. My experience at Pzena has been outstanding. I work with some of the most talented professionals I have ever known. They are smart and disciplined investment people; they are to a person, individuals with the highest level of personal and professional integrity. My partners are dedicated to our clients and I am proud to have been a member of the Pzena team."

Richard Pzena, the firm’s chairman, chief executive officer and co-chief investment officer, said: "We are very sorry to see Rama leave. He has been a valued business colleague and a personal friend to all of us. Even though we are disappointed, we truly admire and respect his selfless decision."

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