Richard Elden, Grosvenor Capital Management founder, dies at 84
from Institutional Investor
Richard Elden, the founder of Grosvenor Capital Management and a hedge fund industry legend, has died at the age of 84. Elden died in Chicago on June 27 of melanoma. Elden quit his job as a securities analyst at investment bank A.G. Becker and started Grosvenor, which now has $50 billion in assets, in 1971 with $500,000.
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