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Ariel Investments Named a Best Place to Work by Pensions & Investments for Third Year in a Row

Firm also celebrates Barron’s & Money Management Institute Asset Manager of the Year Award and Chief Investment Officer Industry Innovation Award

Chicago, New York, San Francisco, and Sydney (December 12, 2022) — Ariel Investments, LLC (“Ariel” or “the firm”), a global value-based asset management firm, today announced that it has been named to Pensions & Investments’ annual list of the Best Places to Work in Money Management for the third year in a row. This is the fourth time the firm has received this honor.

Additionally, in October 2022 Ariel received the Asset Manager of the Year (AUM of less than $25 billion) award from Barron’s and the Money Management Institute. Earlier this month, the firm received an Industry Innovation Award from Chief Investment Officer for its approach to diversity, equity and inclusion.

“We are delighted to be recognized, as we embark on our 40th anniversary as the first Black-owned investment management firm in the United States,” said Marlo J. Gaal, Chief Talent Officer and Chief Diversity Officer at Ariel Investments.

“Since the firm was last honored by Pensions & Investments, we have celebrated several exciting milestones together: the 10-year track record of Ariel’s international and global investment strategies and New York office; the one-year anniversary of the Schwab Ariel ESG ETF (NYSE: SAEF)—Ariel’s first sub-advised ETF and Schwab’s first ESG-focused fund; the one-year anniversary of our private equity subsidiary, Ariel Alternatives; and the launch of our inaugural Black Corporate Directors Study, a first-of-its-kind analysis of the civil rights agenda in Fortune 500 corporate boardrooms.”

Gaal continued: “These efforts energize our team of independent thinkers and nurture our culture of collaboration and client service.”

Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.

The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.

For a complete list of the 2022 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups, go to


About Ariel Investments
Ariel Investments, LLC is a global value-based asset management firm founded four decades ago in 1983. Ariel is headquartered in Chicago, with offices in New York City, San Francisco and Sydney. As of September 30, 2022, Ariel’s firm-wide assets under management totaled approximately $14.6 billion, including $1.18 billion for Ariel Alternatives, a subsidiary of Ariel Investments, which reflects aggregate commitments and excludes fund specific leverage. Ariel serves individual and institutional investors through five no-load mutual funds and nine separate account strategies. For more information, please visit Ariel’s website at

Media Contact
Christina Sciarrino
[email protected]

On December 6, 2022, Chief Investment Officer (CIO) awarded Ariel Investments an Industry Innovation award in the Diversity category at the CIO Industry Innovation Awards dinner at Chelsea Piers in New York City. Chief Investment Officer is a publication and events organization with a mission to inform the world’s largest asset owners and the people who advise them. The awards recognize asset management firms driving innovation in institutional investing over the prior year. Finalists recognized in this category include PIMCO, Verus Investments and NEPC. Ariel did not pay a fee to be considered for this award.

On October 21, 2022, The Money Management Institute (MMI) awarded Ariel Investments the Asset Manager of the Year (AUM under $25 billion) award at its Industry Celebration Dinner during the 2022 MMI Annual Conference. Now in their 14th year, the awards recognize innovation and leadership in the investment advisory solutions industry over the prior year. Finalists recognized in this category include Bluerock Fund Advisor, Domini Impact Investments and Horizon Investments. Ariel did not pay a fee to be considered for this award.