Pzena Investment Management, Inc. (Form Type: 3, Filing Date: 10/24/2007)

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:		3235-0104
Expires:	02/28/2011
Estimated average burden
hours per response		0.5

1. Name and Address of Reporting Person ^*

Goetz John Paul

2. Date of Event Requiring Statement (Month/Day/Year)

10/24/2007

3. Issuer Name and Ticker or Trading Symbol

Pzena Investment Management, Inc. [PZN]

(Last)

(First)

(Middle)

C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR

4. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President, Co-CIO

5. If Amendment, Date Original Filed (Month/Day/Year)

(Street)

NEW YORK, NY 10036

(City)

(State)

(Zip)

6. Individual or Joint/Group Filing

(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock, par value $0.01 per share	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

	Signatures
	/s/ Joan F. Berger, attorney-in-fact for John P. Goetz	10/24/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

POWER OF ATTORNEY


		KNOW ALL PERSONS BY THESE PRESENTS that the undersigned hereby constitutes,
designates and appoints Joan F. Berger and David Kanefsky as such person's true
and lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for the undersigned and in the undersigned's name, place and
stead, in any and all capacities, to execute, acknowledge, deliver and file any
and all filings required by the Securities Exchange Act of 1934, as amended (the
"Act"), including Section 16 thereof, and the rules and regulations thereunder,
and requisite documents in connection with such filings, respecting securities
of Pzena Investment Management, Inc., a Delaware corporation, including, but not
limited to Forms 3, 4 and 5 under the Act and any amendments thereto.

		This power of attorney shall be valid from the date hereof until revoked by
the undersigned.

		IN WITNESS WHEREOF, the undersigned has executed this instrument as of the 1st
day of September, 2007.

/s/ John P. Goetz
President & Co-Chief Investment Officer