McKissack leaves Ariel. (Newsbytes).* In a move that has surprised many, Eric McKissack (above photo), an integral part of the management team at Ariel Capital Management (No. 1 on the 2002 BE ASSET MANAGERS list with $7.82 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. ), has left the money-management firm. McKissack, who served as vice chairman and co-chief investment officer, and who managed one of the firm's largest mutual funds, characterizes his departure from Ariel (BLACK ENTERPRISE 2001 financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company of the year), after 16 years, as a "personal sabbatical sab·bat·i·cal also sab·bat·ic adj. 1. Relating to a sabbatical year. 2. Sabbatical also Sabbatic Relating or appropriate to the Sabbath as the day of rest. n. A sabbatical year. ." McKissack says he plans to work with his family's business, McKissack & McKissack, an engineering and architectural firm An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c. based in Washington, D.C. McKissack ran the company's top-ranked Ariel Appreciation mutual fund since its launch in 1989. |
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