Chicago's largest money managers - Crain's Chicago Business
Chicago's largest money managers - Crain's Chicago Business
Chicago's largest money managers - Crain's Chicago Business
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CRAIN’S CHICAGO BUSINESS • 2005 BOOK OF LISTS 63<br />
CRAIN’S LIST CHICAGO’S LARGEST MONEY MANAGERS<br />
Ranked by total assets managed as of 6/30/04*<br />
Company<br />
Address/phone/Web address<br />
Lead <strong>money</strong> manager 1<br />
2004<br />
2003<br />
Total amount<br />
for tax-exempt<br />
clients<br />
Minimum<br />
required for<br />
separate<br />
accounts 2<br />
Types of<br />
accounts<br />
managed 3<br />
Asset mix 4<br />
2004<br />
2003<br />
1<br />
NORTHERN TRUST GLOBAL INVESTMENTS<br />
50 S. LaSalle St., <strong>Chicago</strong> 60675<br />
(312) 630-6000; www.northerntrust.com<br />
Orie L. Dudley<br />
$488,422.9<br />
$423,415.5<br />
$366,332.2<br />
$0.5<br />
CEFGHIMNU<br />
Equity: 37%<br />
Fixed: 19%<br />
Other: 48% 5<br />
70/31<br />
76/39<br />
2<br />
PPM AMERICA INC.<br />
225 W. Wacker Drive, <strong>Chicago</strong> 60606<br />
(312) 634-2500; www.ppmamerica.com<br />
Leandra Knes<br />
$68,574.0<br />
$70,385.0<br />
$248.4<br />
$10.0<br />
CGHIM<br />
Equity: 8%<br />
Fixed: 88%<br />
Other: 4% 6<br />
46/34<br />
47/34<br />
3<br />
NUVEEN INVESTMENTS LLC<br />
333 W. Wacker Drive, <strong>Chicago</strong> 60606<br />
(800) 257-8787; www.nuveen.com<br />
William Fitzgerald<br />
$55,000.0<br />
$53,800.0<br />
$12.4<br />
$0.1<br />
CEFGHIMU<br />
Equity: 32%<br />
Fixed: 54%<br />
Other: 14%<br />
12/13<br />
14/15<br />
4<br />
HARRIS ASSOCIATES L.P.<br />
2 N. LaSalle St., Suite 500, <strong>Chicago</strong> 60602<br />
(312) 621-0600; www.harrisassoc.com<br />
Robert Levy<br />
$53,397.5<br />
$37,776.6<br />
$10,850.6<br />
$10.0<br />
CEFGHIMU<br />
Equity: 82%<br />
Fixed: 1%<br />
Balanced: 17%<br />
12/16<br />
15/17<br />
5<br />
CALAMOS ASSET MANAGEMENT INC.<br />
1111 E. Warrenville Road, Naperville 60563<br />
(630) 245-7200; www.calamos.com<br />
John P. Calamos Sr.<br />
$32,262.2<br />
$17,785.5<br />
$79.6<br />
$5.0<br />
CEFGHIMU<br />
Equity: 38%<br />
Fixed: 8%<br />
Other: 54% 7<br />
3/17<br />
3/11<br />
6<br />
WILLIAM BLAIR & CO. LLC<br />
222 W. Adams St., <strong>Chicago</strong> 60606<br />
MOST PORTFOLIO<br />
MANAGERS: 114<br />
Carlette McMullan<br />
Michelle R. Seitz<br />
$30,000.0 8<br />
$20,000.0<br />
NA<br />
$2.0<br />
CEFGHIMU<br />
NA<br />
114/24<br />
104/25<br />
7<br />
LINCOLN CAPITAL FIXED INCOME MANAGEMENT CO. LLC<br />
200 S. Wacker Drive, Suite 2100, <strong>Chicago</strong> 60606<br />
(312) 559-2880; www.lincap.com<br />
NA<br />
$29,622.0<br />
$27,847.0<br />
$24,984.0<br />
$25.0<br />
CEFGHIMU<br />
Fixed: 77%<br />
Cash: 23%<br />
8/12<br />
7/12<br />
8<br />
LSV ASSET MANAGEMENT<br />
1 N. Wacker Drive, Suite 4000, <strong>Chicago</strong> 60606<br />
(312) 460-2443; www.lsvasset.com<br />
Josef Lakonishok $24,800.0 $12,500.0 $24,400.0<br />
LARGEST INCREASE IN ASSETS MANAGED: ▲98.4%<br />
$10.0<br />
CEFGHIMU<br />
Equity: 99%<br />
Cash: 1%<br />
3/3<br />
3/3<br />
9<br />
HARRIS INVESTMENT MANAGEMENT INC.<br />
190 S. LaSalle St., 4th floor, <strong>Chicago</strong> 60603<br />
(800) 553-0332<br />
William Leszinske<br />
$21,875.0<br />
$18,097.0<br />
$5,347.0<br />
$5.0<br />
CEFGHIMNU<br />
Equity: 24%<br />
Fixed: 13%<br />
Other: 63% 9<br />
18/16<br />
14/4<br />
10<br />
ABN AMRO ASSET MANAGEMENT INC.<br />
161 N. Clark St., <strong>Chicago</strong> 60601<br />
(312) 884-2000; www.ii.abnaamrousa.com<br />
Bernard Myszkowski<br />
Thomas Marthaler<br />
$19,890.0<br />
$22,424.0<br />
$12,907.0<br />
$10.0<br />
CEFGHIMU<br />
Equity: 23%<br />
Fixed: 75%<br />
Balanced: 2%<br />
14/15<br />
8/11<br />
11<br />
ARIEL CAPITAL MANAGEMENT LLC<br />
200 E. Randolph St., Suite 2900, <strong>Chicago</strong> 60601<br />
(312) 726-0140; www.arielcapital.com<br />
FEWEST<br />
PORTFOLIO<br />
MANAGERS: 1<br />
John W. Rogers Jr.<br />
$18,300.0<br />
$12,700.0<br />
$10,700.0<br />
$10.0<br />
CEFGHIMU<br />
Equity: 99%<br />
Balanced: 1%<br />
1/10<br />
1/8<br />
12<br />
INSTITUTIONAL CAPITAL CORP.<br />
225 W. Wacker Drive, Suite 2400, <strong>Chicago</strong> 60606<br />
(312) 424-9100; www.icapfunds.com<br />
Robert H. Lyon<br />
$12,941.7<br />
$11,487.7<br />
$10,786.2<br />
$25.0<br />
CEFGHIMNU<br />
Equity: 99%<br />
Balanced: 1%<br />
6/7<br />
7/7<br />
13<br />
HEITMAN FINANCIAL LLC<br />
191 N. Wacker Drive, Suite 2500, Chicgao 60606<br />
(312) 855-5700; www.heitman.com<br />
Jerome J. Claeys III<br />
Maury Tognarelli<br />
$11,677.0<br />
$10,555.0<br />
$8,424.0<br />
$5.0<br />
CEFGHIMU<br />
Other: 100%<br />
18/6<br />
22/5<br />
14<br />
ASSET ALLOCATION & MANAGEMENT CO. LLC<br />
30 N. LaSalle St., 35th floor, <strong>Chicago</strong> 60602<br />
(312) 263-2900; www.aamcompany.com<br />
John L. Schaefer<br />
$10,501.0<br />
$10,000.0<br />
$50.0 8<br />
$20.0<br />
CH<br />
Equity: 1%<br />
Fixed: 88%<br />
Other: 11%<br />
8/8<br />
9/8<br />
15<br />
MESIROW FINANCIAL<br />
350 N. Clark St., <strong>Chicago</strong> 60610<br />
(312) 595-6000; www.mesirowfinancial.com<br />
James C. Tyree<br />
$10,056.5<br />
$5,185.5<br />
$4,491.5<br />
$1.0<br />
CEFGHIU<br />
Equity: 5%<br />
Fixed: 4%<br />
Other: 92% 10<br />
23/25<br />
21/16<br />
16<br />
LASALLE BANK WEALTH MANAGEMENT<br />
135 S. LaSalle St., <strong>Chicago</strong> 60603<br />
(312) 904-1600; www.vip.lasallebank.com<br />
Jose L. Santillan<br />
$9,170.0<br />
$7,100.0<br />
$1,940.0<br />
$0.8<br />
CEFGHIU<br />
Equity: 18%<br />
Fixed: 17%<br />
Other: 65% 11<br />
25/13<br />
25/13<br />
17<br />
DEERFIELD CAPITAL MANAGEMENT LLC<br />
8700 W. Bryn Mawr Ave., 12th floor, <strong>Chicago</strong> 60631<br />
(773) 380-1600; www.deerfieldcapital.com<br />
Jonathan Trutter<br />
$8,107.0<br />
$8,002.0<br />
$77.0<br />
$30.0<br />
CFI<br />
Fixed: 100%<br />
15/7<br />
12/11<br />
18<br />
McDONNELL INVESTMENT MANAGEMENT LLC<br />
1515 W. 22nd St., 11th floor, Oak Brook 60523<br />
(630) 684-8600; www.mcdonnellinvestments.com<br />
Michael P. Kamradt<br />
$7,753.0<br />
$7,841.0<br />
$1,149.0<br />
$5.0<br />
CEFGHIMU<br />
Equity: 3%<br />
Fixed: 95%<br />
Cash: 2%<br />
9/7<br />
8/4<br />
Originally published: Nov. 22, 2004 I Next publication: Oct. 24, 2005<br />
Connect with links to <strong>Chicago</strong> exchanges<br />
at <strong>Chicago</strong><strong>Business</strong>.com/banking.<br />
Continued on Page 64
64 2005 BOOK OF LISTSS • CRAIN’S CHICAGO BUSINESS<br />
CHICAGO’S LARGEST MONEY MANAGERS Continued from Page 63<br />
Company<br />
Address/phone/Web address<br />
Lead <strong>money</strong> manager 1<br />
2004<br />
2003<br />
Total amount<br />
for tax-exempt<br />
clients<br />
Minimum<br />
required for<br />
separate<br />
accounts 2<br />
Types of<br />
accounts<br />
managed 3<br />
Asset mix 4<br />
2004<br />
2003<br />
19<br />
LASALLE INVESTMENT MANAGEMENT<br />
200 E. Randolph Drive, 44th floor, <strong>Chicago</strong> 60601<br />
(312) 782-5800; www.lasalle.com<br />
Lynn Thurber<br />
$7,072.0<br />
$6,953.0<br />
$5,757.0<br />
$100.0<br />
CEFGHIU<br />
Other: 100%<br />
14/6<br />
13/5<br />
20<br />
CHICAGO EQUITY PARTNERS LLC<br />
180 N. LaSalle St., Suite 3800, <strong>Chicago</strong> 60601; (312) 629-8200<br />
David C. Coughenour<br />
Michael Millhouse<br />
$6,925.0<br />
$5,109.2<br />
$6,428.3<br />
$10.0<br />
CFGIMU<br />
Equity: 95%<br />
Fixed: 3%<br />
Balanced: 2%<br />
10/11<br />
9/11<br />
21<br />
STEIN ROE INVESTMENT COUNSEL INC.<br />
1 S. Wacker Drive, 35th floor, <strong>Chicago</strong> 60606<br />
(312) 368-7000; www.sric.net<br />
NA<br />
$5,400.0<br />
$5,100.0<br />
$1,200.0<br />
$1.0<br />
CEFGHIU<br />
Equity: 47%<br />
Fixed: 50%<br />
Cash: 3%<br />
15/2<br />
18/3<br />
22<br />
DUFF & PHELPS INVESTMENT MANAGEMENT CO.<br />
55 E. Monroe St., Suite 3600, <strong>Chicago</strong> 60603<br />
(312) 630-2610; www.dpimc.com<br />
John R. Riddle<br />
$5,177.3<br />
$4,963.6<br />
$306.9<br />
$10.0<br />
CEFGHIMNU<br />
Equity: 5%<br />
Fixed: 30%<br />
Other: 65% 12<br />
13/18<br />
13/18<br />
23<br />
MAN INVESTMENTS INC.<br />
123 N. Wacker Drive, 28th floor, <strong>Chicago</strong> 60606<br />
(312) 881-6800; www.maninvestments.com<br />
John B. Rowsell<br />
$5,100.0 8<br />
$5,000.0 8<br />
$4,500.0<br />
$50.0<br />
CFI<br />
Cash: 3%<br />
Other: 97%<br />
5/10<br />
7/10<br />
24<br />
SHAY ASSETS MANAGEMENT INC.<br />
230 W. Monroe St., Suite 2810, <strong>Chicago</strong> 60606<br />
(312) 214-1410; www.shayassets.com<br />
Edward E. Sammons Jr. $4,484.3 $6,439.9<br />
NA<br />
LARGEST DECREASE IN ASSETS MANAGED: ▼30.4%<br />
$20.0<br />
CEFGHIM<br />
Equity: 4%<br />
Fixed: 35%<br />
Cash: 1%<br />
5/0<br />
5/1<br />
25<br />
GOFEN & GLOSSBERG LLC<br />
455 Cityfront Plaza, Suite 3000, <strong>Chicago</strong> 60611<br />
(312) 828-1100; www.gofen.com<br />
Joseph B. Glossberg<br />
William H. Gofen<br />
$4,315.1<br />
$4,195.2<br />
$962.8<br />
$1.0<br />
CEFGI<br />
Equity: 39%<br />
Fixed: 50%<br />
Other: 11% 13<br />
10/3<br />
11/4<br />
BIG. BUT HOW BIG? Some prominent <strong>Chicago</strong>-area firms did not break out local assets managed: (millions)<br />
◗ JPMorgan Fleming Asset Management: $530,519.0 (United States) ◗ UBS Global Asset Management: $475,624.0 (Global) ◗ Columbia Management Group Inc.: $318,000.0 (Global) ◗ Van Kampen Investments: $88,000.0 (Global)<br />
*Assets managed out of the <strong>Chicago</strong>-area office only. NA: Not available. 1. Head of the <strong>Chicago</strong> office’s <strong>money</strong> management division. 2. Minimums for some accounts may be higher. 3. C: Corporate includes accounts managed for insurance companies. E: Educational. F: Foundation.<br />
G: State/local government; public. H: Hospitals, health care organizations. I: Individual. M: Mutual funds. N: Nuclear decommissioning trusts. U: Unions. 4. Totals may not equal 100% because of rounding. 5. Includes 8% balanced and 39% cash. 6. Includes 1% balanced<br />
and 1 % cash. 7. Includes 52% balanced. 8. Company estimate. 9. Includes 5% balanced and 58% cash. 10. Includes 2% balanced. 11. Includes 63% balanced and 2% cash. 12. Includes 50% balanced. 13. Includes 7% cash.<br />
Research by<br />
Katrina D. Fenrick
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