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Good morning. My name is Felicia and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Pzena Investment Management 2011 fourth quarter earnings call. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-and-answer session. (Operator Instructions). Thank you.
I would now like to turn the conference over to Mr. Greg Martin. Sir, you may begin your conference.
Thank you very much, Felicia. Good morning and thank you for joining us on the Pzena Investment Management, fourth quarter 2011 earnings call. I’m Greg Martin, Chief Financial Officer. With me today is our Chief Executive Officer and Co-Chief Investment Officer, Rich Pzena.
Our earnings press release contains the financial tables for the periods we will be discussing. If you don’t have a copy, it can be obtained in the Investor Relations section on our website at
www.pzena.com. Replays of this call will be available for the next week on our website.
As always, we need to reference the standard legal disclaimer before we begin. Statements made in the presentation today may contain forward-looking information about management’s plans, projections, expectations, strategic objectives, business prospects, anticipated financial results and other similar matters. A variety of factors, many of which are beyond the company’s control affect the operations, performance, business strategy and results of the company and can cause actual results and experiences to differ materially from the expectations or objectives expressed in these statements.