What LSV Asset Management does

LSV Asset Management is a Chicago-based, privately held investment management firm founded in 1995 that specializes exclusively in value equity management for institutional investors worldwide. As of March 31, 2026, the firm manages approximately $106 billion in value equity portfolios across approximately 350 institutional clients, including pension funds, endowments, foundations, sovereign wealth funds, insurance companies, and family offices. The firm has been verified for GIPS compliance continuously since May 1, 1995 through December 31, 2025, and operates as a quantitative, systematic manager applying research-driven processes grounded in academic asset pricing research on earnings quality, momentum, analyst forecasts, and insider trading behaviors. The investment team is led by Founder, Chief Investment Officer, and Chief Executive Officer Josef Lakonishok, a recognized academic and practitioner in value investing.

The firm's product platform spans institutional separate account strategies across U.S., non-U.S., global, and regional equity universes, complemented by a suite of U.S.-registered mutual funds (Value Equity, Conservative Value Equity, Small Cap Value, Global Value, U.S. and Global Managed Volatility, and Emerging Markets Equity), a U.S.-listed ETF (LSV Disciplined Value ETF), and a UCITS-compliant umbrella fund (LSV Funds PLC) offering U.S. and Global Value Equity sub-funds to non-U.S. investors. Distribution is handled through a dedicated Business Development team led by Partner and Director of Business Development Josh Dupont and Director of Business Development Brett Goldacker, supported by published academic research and thought leadership media series such as 'Value for the Long Run.'

Revenue is generated through recurring investment management fees calculated as a percentage of assets under management, billed monthly per the firm's Form ADV Part 2A, with performance-based fees potentially applying to certain pooled vehicles. The firm operates with a lean 11-50 employee footprint, consistent with its systematic, quantitative process and high operating leverage. The firm is independently owned with no disclosed parent company or external sponsor.

Name

LSV Asset Management

Legal name

LSV Asset Management

Website

https://lsvasset.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

LSV Asset Management is a Chicago-based quantitative value equity manager founded in 1995 that manages approximately $106 billion for around 350 institutional clients worldwide through systematic, research-driven strategies.

Ownership category

akta.pro rank

Product category

Institutional Value Equity Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Style Equity — Value (Active) (FSAAAIAH)

Keywords

• Institutional asset management
• Value equity strategies
• Quantitative equity management
• Separate account management
• Mutual fund management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Management Fees: LSV Asset Management generates revenue through investment management fees charged on assets under management. The firm manages approximately $106 billion in value equity portfolios for approximately 350 institutional clients as of March 31, 2026.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

LSV Asset Management is a Chicago-based institutional investment manager that constructs and manages quantitatively driven value equity portfolios for institutional clients. The firm delivers its strategies through separate accounts, mutual funds, UCITS funds, and ETFs, applying a proprietary multi-factor value model across U.S., international, emerging-markets, and small-/mid-cap segments.

Product overview

LSV Asset Management is a value equity investment specialist offering a comprehensive suite of investment products. The portfolio includes mutual funds (Value Equity Fund, Conservative Value Equity Fund, Small Cap Value Fund, Global Value Fund, U.S. and Global Managed Volatility Funds, Emerging Markets Equity Fund), an ETF (LSV Disciplined Value ETF), and UCITS funds for international investors. These products are supported by various investment strategies including U.S. Strategies, Non-U.S. Strategies, Global Strategies, and Regional Strategies. The firm manages approximately $106 billion in assets for approximately 350 institutional clients as of March 2026.

Differentiator

Problem solved

Functional benefit

Brands

• LSV Funds PLC: UCITS-compliant umbrella fund structure offering LSV U.S. Value Equity Fund and LSV Global Value Equity Fund for non-U.S. investors.

Products and services

• U.S. Value Equity Strategy Quantitatively driven U.S. large-cap value equity strategy available via separate accounts for institutional investors.
• U.S. Small/Mid Value Equity Strategy Quantitative small- and mid-cap U.S. value equity strategy offered to institutional clients through separate accounts.
• International Value Equity Strategy International (developed and emerging markets) value equity portfolio managed using LSV's quantitative value framework for institutional investors.
• Global Value Equity Strategy Global quantitative value equity strategy covering U.S. and international developed market stocks for institutional mandates.
• Quantitative Value Emerging Markets Strategy Emerging markets value equity strategy managed using LSV's quantitative multi-factor model and offered to institutional clients.
• Global Small Cap Value Strategy Global small-cap value equity strategy applied across developed markets for institutional investors seeking diversified small-cap value exposure.
• LSV Mutual Funds Pooled mutual fund vehicles that offer LSV's value equity strategies to institutional and intermediary investors.
• LSV UCITS Funds UCITS-compliant pooled funds that provide non-U.S. institutional investors access to LSV's value equity strategies.
• LSV Value Equity ETF Exchange-traded fund vehicle providing public market access to LSV's quantitatively driven value equity strategy.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Ariel Investments: Ariel Investments is a value-oriented active manager offering U.S. value strategies (including small/mid-cap value) to institutional and individual clients. It overlaps with LSV in fundamental U.S. value mandates.
• Brandes Investment Partners: Brandes is a pure-play global value equity manager serving institutional clients, applying fundamental research to undervalued companies. It is one of LSV's closest direct competitors in value separate accounts and global value strategies.
• Dodge & Cox: Dodge & Cox is a large, employee-owned value-oriented active manager serving institutions and intermediaries with U.S. and global value strategies. It is a frequent competitor on consultant-approved lists against LSV.
• Dimensional Fund Advisors: Dimensional is a leading global systematic asset manager built on academic finance research, with deep institutional penetration and a value/equity factor emphasis. Like LSV, it applies quantitative, research-driven processes to capture asset-pricing premiums across global markets and serves pensions, endowments, and advisors at scale.
• Tweedy, Browne Company: Tweedy, Browne is a long-standing global and international value equity manager serving institutional and high-net-worth clients. It competes in the same international and global value mandates that LSV offers.
• Third Avenue Management: Third Avenue is a value-oriented investment manager offering concentrated global and U.S. value strategies to institutional clients, making it a comparable peer in deep-value institutional mandates.
• First Eagle Investment Management: First Eagle is a value-oriented global asset manager serving institutional and intermediary clients with global and international value strategies. It is a competitor for institutional global value mandates against LSV.
• Robeco: Robeco runs a well-known quantitative value equity capability alongside its broader active equity platform and serves institutional clients globally. It competes directly with LSV in global and non-U.S. value mandates.

Broad incumbents

• Oaktree Capital Management: Oaktree is a large global investment manager with value-oriented equity and credit capabilities serving institutional clients. While primarily credit-focused, its value equity offerings and scale overlap with LSV's institutional positioning.
• JPMorgan Asset Management: JPMorgan AM is a global multi-asset manager offering systematic value, smart beta, and active equity strategies at large scale to institutional clients. It is a broader incumbent competitor for institutional value equity mandates.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LSV Asset Management