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CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-147027) pertaining to Pzena Investment Management, Inc.'s 2007 Equity Incentive Plan of our report dated March 20, 2008, with respect to the consolidated financial statements of Pzena Investment Management, Inc., included in this Annual Report (Form 10-K) for the year ended December 31, 2007.
/s/ ERNST & YOUNG LLP
New York, New York
March 27, 2008
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM