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

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

Rating:Columbia's Second Founder Dies Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 2, 2016

Columbia's Second Founder Dies

News summary by MFWire's editors

Jim Rippey, who along with John Inskeep founded the first mutual fund shop in Portland, died on Saturday at the age of 84. The fund shop that Inskeep (who died in the summer of 2009) and Rippey created was Columbia Management.

James Rippey
Columbia Management
Late Co-Founder, President, Director
"We were saddened to hear of Mr. Rippey's passing, and our thoughts are with his family and loved ones," a Columbia Threadneedle Investments spokesman tells MFWire.

The University of Oregon (UO) and the Portland Business Journal both reported on the news.

James Foster Rippey and John Jerry Inskeep Jr. created Columbia Management Company in Portland, Oregon in 1967. Fleet Financial bought Columbia in 1997. Rippey retired as Columbia president in 1999. In 2003 Fleet rebranded its entire mutual fund business under the Columbia brand. BofA eventually merged with Fleet, and in 2010 Ameriprise bought Columbia and combined it with Ameriprise's own asset management arm, Riversource. Last year Ameriprise combined Columbia with its UK asset manager, Threadneedle Investments, and rebranded the combined unit as Columbia Threadneedle Investments [profile].

When Inskeep and Rippey started Columbia 49 years ago, they put $102,500 into their first, no-load mutual fund. Since then, through all the mergers and the growth, Columbia Threadneedle has become a $472-billion AUM global asset manager with more than 2,000 employees, the 13th largest long-term mutual fund shop in the U.S. and the fourth largest retail fund shop in the UK, as of the end of 2015.

Rippey, born in 1931, came from Coos Bay on the Oregon coast. He was an alumnus of UO and of NYU. He started his career at Merrill Lynch before returning to Portland and starting Columbia with Inskeep.

Rippey was a foundation trustee of UO, and he and his wife, Shirley (also a UO class of 1953 alumnus), have been big, long-time supporters of the university. They gave money to the university's Lundquist College of Business, its Knight Library, its College of Arts and Sciences, and the Oregon Institute of Marine Biology.

Kees de Kluyver, former dean of the business school, praises Rippey as "a business visionary" who "was also incredibly generous with his time, insights and spirit."

"We are deeply saddened by the loss of a friend, colleague and mentor," de Kluyver states.

The family is directing flower arrangements to the Finley Sunset Hills Mortuary in Portland. 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use