Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Chitown Fundster Entrepreneur Dies Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 11, 2015

A Chitown Fundster Entrepreneur Dies

News summary by MFWire's editors

A Chicago-based mutual fund entrepreneur died last week.

On Friday Keeley Asset Management [profile] issued a statement confirming that its founder, 75-year-old John L. Keeley, Jr., died on Thursday, June 4 after he "suffered a medical emergency that required surgery [at the Loyola University Hospital emergency room] to remove a life-threatening blood clot."

Crain's Chicago Business and Morningstar both reported on Keeley's death.

Keeley founded his eponymous value equity asset manager in 1982, and he entered the mutual fund business in 1993. His sons John III ("Trip", a trader), Kevin (CEO), and Mark (chief marketing officer), all work at the firm, and his nephew Brian is co-lead PM, alongside co-chief investment officer Kevin Chin. The firm's focus was on event-driven value investing, "on companies undergoing restructuring," Morningstar writes.

"While he was all business, he was also a very generous man who touched a lot of people's lives," Kevin Keeley told Crain's.

"John brought a very unique perspective to money management by seeking to identify value where others could not," states Brian Keeley. "Further, his vision and passion for the firm and its people was very special."

Kevin Keeley, 48, will succeed his father as president, while Brian Keeley and Chin took over day-to-day PMing last month as part of the the firm's succession plan. The shop's 42 employees now manage eight mutual funds and have $4.7 billion in AUM.

John L. Keeley is survived by his wife, Barbara, and by three sons (John III, Kevin, and Mark). A fourth son, Christopher, died in 2002. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use