Article · Wikipedia archive · Last revised Jul 24, 2026

LSV Asset Management

LSV Asset Management (LSV) is an American quantitative investment management firm headquartered in Chicago. The firm provides equity management services for institutional investors.

Last revised
Jul 24, 2026
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≈ 2 min
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Wikipedia ↗
LSV Asset Management
TypePrivate
IndustryInvestment Management
Founded1994 (1994)
Founders
Headquarters155 North Wacker, Chicago, Illinois, U.S.
Key people
Josef Lakonishok (CEO)
AUMUS$96 billion (June 2024)
OwnersSEI Investments Company (39%)
Josef Lakonishok (25%)
Number of employees
43 (2024)
Websitewww.lsvasset.com
Footnotes
12

LSV Asset Management (LSV) is an American quantitative investment management firm headquartered in Chicago. The firm provides equity management services for institutional investors.

Background

LSV was founded in 1994 by Josef Lakonishok, Andrei Shleifer and Robert W. Vishny.2345 The three of them were working in academia where they were Professors in the fields of Economics and Finance.2345 Lakonishok is a professor (now retired) at University of Illinois at Urbana-Champaign while Shleifer and Vishny are professors at Harvard University and University of Chicago respectively.56 They focused on the field of Behavioral Finance.2345 LSV is the first letter of each co-founders surname.6 SEI Investments Company backed the firm in exchange for a 51% stake.2478

In 2003, Shleifer sold his entire ownership of the firm and retired from firm to focus on his academic career.45 In 2006, Vishny reduced his ownership of the firm to 6% and retired from the firm at the end of 2007.459

LSV is an active manager that uses a quantitative approach to value investing in the stock market.25

In October 2024, four former executives sued LSV  who claim they were deprived of more than $100 million in LSV equity when the firm forced them to sell their equity at a significantly reduced price.10

The majority of the firm is owned by current and former employees while a minority stake is held by SEI Investments Company.2

References

References

  1. "Form ADV" (PDF). SEC. Archived (PDF) from the original on January 7, 2023. Retrieved January 7, 2023.
  2. "HOWARD COUNTY RETIREMENT PLANS" (PDF). Archived from the original (PDF) on December 28, 2021. Retrieved January 7, 2023.
  3. "Dailyii.com - How Harvard lost Russia". September 27, 2007. Archived from the original on September 27, 2007. Retrieved January 7, 2023.
  4. "LSV locks down funds". Crain's Chicago Business. August 5, 2006. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  5. "Using Behavioral Finance to Better Understand the Psychology of Investors". Institutional Investor. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  6. "Analyze This". Forbes. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  7. Lucchetti, Aaron (December 6, 1999). "SEI Is Building Its Assets; It's Just Hard to Say How". WSJ. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  8. "SEI Investments awaiting payoff from spending on new strategies". Pensions & Investments. December 15, 2006. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  9. "THE PRUDENTIAL SERIES FUND". www.sec.gov. June 20, 2007. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  10. Katz, Michael (October 17, 2024). "LSV Asset Management Sued by Former Execs Over $100M in Lost Equity". Chief Investment Officer. Retrieved April 29, 2025.
External links