 | |
| 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]
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]