Mutual Funds
CHICAGO (MarketWatch) -- Legendary Chicago investment and fund manager Richard Driehaus died late Tuesday of natural causes at 78, his firm, Driehaus Capital Management, announced Wednesday. Crain's Chicago Business reported that he'd suffered a brain hemorrhage. He was as well-known locally for philanthropy and historical preservation as for financial acumen. DePaul University's undergraduate business college bears his name, as does a prize for traditional and classicist architecture awarded by the University of Notre Dame. His boutique management firm, with $13.2 billion under management at the end of February, operates from a cluster of meticulously restored properties in the River North section of Chicago, a short walk from his restored Gold Coast mansion. "Richard led a life of zest and intellectual curiosity. His path and personal story were larger than life, and the impact he made as an investor is perhaps only rivaled by the extensive legacy he left as a philanthropist," said Driehaus CEO Steve Weber, in a statement. In 2000, he was identified by Barron's as one of 25 individuals who had been most influential in the mutual-fund business over the prior century. 7:55 p.m. March 10, 2021
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