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Mellody Hobson takes Ariel Investments in new directions

For the first time, Ariel is moving into exchange-traded funds, which have been squeezing fee income collected by traditional money managers like Ariel. Ariel also recently disclosed novel plans to make direct investments in other companies under a program designed to create minority-owned firms and expand others. And a new office in San Francisco, its third, aims to corral tech and other West Coast wealth. Hobsons expanding influence marks a turning point for Ariel, a leading Black-owned firm ...
United States San Francisco Mellody Hobson Leslie Brun Donald Trump David Vitale

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