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Rich and Wayne met their freshman year at Penn when they were living on the first floor of Butcher dorm. After both men married and started families, Wayne went on to become a chief financial officer, while Rich worked in the oil business with Amoco in both Chicago and New Orleans. After six years, Rich joined the investment world, specifically for Sanford C. Bernstein & Co., as an analyst and head of research.

He then decided to start his own business, Pzena Investment Management, managing money for institutional investors. He knew he wanted to work with Wayne, but it wasn't until 14 years ago (and after six years of convincing!) that Wayne decided to come on board. In fact, it was at a SigEp NYC Dinner that the two finally decided to work together – how is that for networking! There was concern that working together would impede the friendship. To the contrary, after a decade working together, their friendship has strengthened.

When Wayne teamed up with Rich, Pzena Investment Management had only 20 employees. Currently, the firm has over 70 employees and manages approximately $19 billion. Rich is highly respected throughout the investment community and the company is listed on the NYSE under the ticker symbol PZN.

This brings up an interesting question about fraternities and friendships. Do brothers often keep in touch with each other after graduation? According to Wayne and Rich, the answer is a resounding YES! Not only have they remained friends since graduation, but they continue to be close with many of their brothers from their era.

They add that having to live together as undergraduates allowed them to form tight bonds and prepare for life. Both Rich and Wayne agree that fraternities provide a collegial opportunity to get along, have fun and learn life lessons together, all while forming lifelong friendships. They reflect that to this day, they can rely on their brothers for anything from finding doctors to supporting each other through thick and thin.

One of the best ways they keep in touch is going to campus events and the annual Raymond C. McCron '43 dinner in New York that allows them to talk with fellow alumni, as well as current brothers. Both agree that these gatherings generate exposure to a wide generational span and promote fraternal continuity.

They also have fond memories that could last a lifetime. Some of their favorites include getting pizza from Tony's Pizza truck in front of the Quad and eating it under the steps of Vance Hall, and road tripping cross country with several other brothers.

So what advice do they have for people who want to join fraternities? Rich says the best advice he can give is to join with people that you know and take your time to make sure the fraternity you join is a cultural fit. He says that SigEp was a good fit for him since it was so diverse. Wayne echoed his sentiments, saying he liked the balance of SigEp.

In short, fraternities are a wonderful place for people to become friends, form bonds and prepare for the real world in terms of working with and dealing with others. We thank Rich and Wayne for sharing their stories of friendship and coming together as business partners.