Ariel_Investments

Ariel Investments

Ariel Investments

American investment company located in Chicago, Illinois

Ariel Investments is an investment company located in Chicago, Illinois. It specializes in small and mid-capitalized stocks based in the United States.[3]

Quick Facts Genre, Founded ...

History

Ariel was founded in 1983 by John W. Rogers, Jr., who is chairman and Co-CEO of the company.[4] Mellody Hobson has been president of the company since May 2000. In July 2019, Hobson was appointed Co-CEO of the company.[5] The company employs 107 people, with the employees and the board owning 95% of the company. The firm has $15 billion in assets under management as of January 31, 2021.[5]

Ariel is a minority-owned investment company.[6] It claims to be the largest minority-owned investment firm.[4] The company also supports the African-American Community of Bronzeville by giving its support to nonprofits such as The Renaissance Collaborative.[7]

Through former Mayor Daley’s New School Initiative Program, Ariel Investments was awarded a corporate sponsorship of a Chicago public school in 1996. Hence, the birth of Ariel Community Academy – a public school located on the Southside of Chicago.[8]

References

  1. [1]
    "Mellody Hobson: Incentivizing Better Racial Relationships | Chief Investment Officer". www.ai-cio.com. Retrieved 2020-06-17.
  2. [2]
    Pound, Jesse (2020-03-12). "Ariel Investments' John Rogers is 'hunkered down' but sees value in these stocks". CNBC. Retrieved 2020-06-17.
  3. [3]
    Dow Jones Newswires, February 19, 2013, TIP SHEET: Ariel Fund Well Positioned for Economic Upturn
  4. [4]
    Quiñones, Eric (2013-07-22). "Former Men's Basketball Captain John Rogers '80 Wins Woodrow Wilson Award". Princeton University. Retrieved 2008-12-16.
  5. [5]
    Williamson, Christine (March 2, 2021). "Ariel's Mellody Hobson hitting her stride as co-CEO". Pensions & Investments. Retrieved March 2, 2021.
  6. [6]
    "Ariel Investments & Financial Literacy" (PDF). U.S. Securities and Exchange Commission. File Number 4-626.
  7. [7]
    "Sponsors". The Renaissance Collaborative. Archived from the original on 4 December 2017. Retrieved 12 March 2021.
  8. [8]
    "Ariel Investments - Ariel Community Academy". www.arielinvestments.com. Retrieved 2019-02-20.
Share this article:

This article uses material from the Wikipedia article Ariel_Investments, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.