Ariel Investments

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Ariel’s Hobson, others on the rise of women

Movie director George Lucas and Mellody Hobson attend the 2009 opening night of "Dreamgirls" at the Apollo Theater in New York City. (Jemal Countess/Getty)

The challenges women face often cut across industries. But some are also unique to specific sectors. Women who have risen high in four industries — finance, health, technology and media — sought to illuminate these issues by recounting their own experiences and assessing how women generally have fared in their fields.

Mellody Hobson, president of Ariel Investments in Chicago, spoke with The Wall Street Journal’s Rebecca Blumenstein. Julie Louise Gerberding, president of Merck & Co.’s Merck Vaccines unit, sat down with the Journal’s Laura Landro. Marissa Mayer, Google Inc.’s vice president, consumer products, talked with the Journal’s Julia Angwin. And Debra L. Lee, chairman and chief executive of BET Networks, a unit of Viacom Inc., spoke with the Journal’s Alessandra Galloni. Get the full story »

Largest Ariel funds outpace peers in 3Q

Ariel Investments’ two biggest mutual funds outperformed their peers in the third quarter, and the Chicago-based money manager also said it plans to “remain patient” with “weak-performing” PrivateBancorp Inc.

Ariel on Tuesday released the results for its Ariel Fund, which has assets of $1.93 billion, and its Ariel Appreciation Fund, which has  $1.32 billion in assets. Get the full story »

Chicago Forward: Stocks strong in 2011, not jobs

The stock market is poised to perform well in 2011, but the job market … not so much. That was economic outlook offered by several Chicago-area business experts at a forum Wednesday evening, where some also demanded that city and state politicians tackle swelling fiscal problems.

“I spend a lot of time talking with [company executives] and almost without exception in the last six weeks of the earnings season, the calls have been going better and better,” said John Rogers Jr., chairman and chief executive officer of Ariel Investments. “The CEOs seem more confident, the balance sheets are strengthened and they are starting to talk about hiring again.” Get the full story »