Chicago-based Advisory Research Investment Management closed on its management-led buyout of the business from Piper Jaffray. The business is being capitalized entirely with existing employee capital.
"As a newly independent boutique asset manager, we are thrilled to return the business to its employee-owned roots," said Advisory Research Inc. Executive Chairman and Managing Director Matthew Swaim, who led the buyout, in a statement. "Advisory Research's founders were committed to preserving and increasing clients' assets by focusing on long-term, risk-adjusted performance. Forty-five years later, our dedication to investing, and to acting as fiduciaries on behalf of our clients, is still at the core of everything we do. We harness highly active portfolios and highly specialized professionals to fully align ourselves with client objectives."
Advisory Research Investment Management manages institutional assets across a variety of disciplines. The firm's investment teams focus on four key areas —U.S. value equity, U.S. growth equity, global core equity, and energy equity. ARI's investment professionals, who possess 19 years of experience on average, operate independently within their areas of expertise, while also collaborating with each other and receiving full support from client service, compliance, and operations.
ARI was founded in 1974 and was acquired by Piper Jaffray in 2010.