Driehaus Capital Management Weathers Founder's Death
A long-standing estate plan is in effect.
The founder of Driehaus Capital Management, Richard H. Driehaus, an influential force in the fund industry and later an active philanthropist, died on March 9 at the age of 78. His death should not have a significant impact on the operations of that firm or the funds that it advises.
Driehaus founded Driehaus Capital Management, currently the advisor to a group of seven mutual funds as well as manager of institutional and separate accounts, in Chicago in 1982. With its growth-stock tilt, the firm benefited greatly from the long periods from the early 1990s to the present when that style of investing was in the forefront of market rallies. The firm also developed a specialty in small-cap stocks as well as emerging markets. At the end of 2020, Driehaus Capital Management had 91 employees in total--31 on the investment side--and $12.3 billion in assets under management. (It now has $13.2 billion.)
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