Ariel Investments, America’s First Black-Owned Mutual Fund Giant, Launches Fund To Close The Racial Wealth Gap

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By Antoine Gara

When Chicago-based investment firm Ariel Investments was founded by John W. Rogers Jr. in 1983, it was a breakthrough on Wall Street as the first black-owned mutual fund firm in the country. Over 38-years, Ariel has since navigated bull and bear markets and grown to manage $15 billion in assets, with Rogers deploying a value investing approach inspired by Benjamin Graham and Warren Buffett.

Rogers’s firm helped blaze a trail in the investment world, inspiring other Black investors like Eddie Brown of Brown Capital Management to launch their own wildly successful firms. Now, Ariel Investments is making

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