Investment Advisor Acquires Chicago Asset Management

Lachlan Colquhoun

22 May 2007

Chicago investment executive Peter Thompson is branching out on his own, acquiring advisory firm Chicago Asset Management Company. Mr Thompson moves from a position as executive vice president of fund manager Ariel Capital Management, a firm with $16 billion under management to his new role as president and chief executive officer. Chicago Asset Management specialises in equity, fixed-income and balanced portfolios for institutions, pension funds, endowment funds, family offices and high net worth individuals. and has around $600 million under management. Terms of the deal were not disclosed. "I have always wanted to lead my own firm," said Mr Thompson. "I am thrilled that I now have the opportunity to do so by acquiring an established Chicago business with a solid track record, wide recognition, and great potential to attract new clients."