The wind blows hard in Chicago.

Peter Thompson, chief executive of Perkins Investment Management, will step down from his role at the end of the year, reports the Chicago Tribune. His job will be taken over by Perkins CIO Jeff Kautz, according to the newspaper.

Thompson, a nephew of former Chicago mayor Richard Daley, joined the firm in January 2009.

The news also caught the attention of Crain's Chicago Business, and Pensions & Investments.

Perkins is a $13.7 billion asset manager that also manages seven institutional mutual funds. Janus bought into the firm in 2003. That same year, Janus also bought into INTECH. The firm manages seven institutional mutual funds among other products.

The Tribune also reports that in a letter to Perkins employees, Thompson wrote that “Perkins will now adopt a structure similar to that of fellow Janus subsidiary, Intech Investment Management.” 

Edited by: Tommy Fernandez


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