 | |
| Genre | Investments |
|---|---|
| Founded | 1983 |
| Founder | John W. Rogers, Jr. [1] [2] |
| Headquarters | , |
Key people | Mellody Hobson ( president) |
| AUM | $15 billion |
| Website |
www |
Ariel Investments is an investment company located in Chicago, Illinois. It specializes in small and mid-capitalized stocks based in the United States. [3]
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
- ^ "Mellody Hobson: Incentivizing Better Racial Relationships | Chief Investment Officer". www.ai-cio.com. Retrieved 2020-06-17.
- ^ Pound, Jesse (2020-03-12). "Ariel Investments' John Rogers is 'hunkered down' but sees value in these stocks". CNBC. Retrieved 2020-06-17.
- ^ Dow Jones Newswires, February 19, 2013, TIP SHEET: Ariel Fund Well Positioned for Economic Upturn
- ^ a b Quiñones, Eric (2013-07-22). "Former Men's Basketball Captain John Rogers '80 Wins Woodrow Wilson Award". Princeton University. Retrieved 2008-12-16.
- ^ a b Williamson, Christine (March 2, 2021). "Ariel's Mellody Hobson hitting her stride as co-CEO". Pensions & Investments. Retrieved March 2, 2021.
- ^ "Ariel Investments & Financial Literacy" (PDF). U.S. Securities and Exchange Commission. File Number 4-626.
- ^ "Sponsors". The Renaissance Collaborative. Archived from the original on 4 December 2017. Retrieved 12 March 2021.
- ^ "Ariel Investments - Ariel Community Academy". www.arielinvestments.com. Retrieved 2019-02-20.