Inese driehaus biography

American businessman (–)

Richard Herman Driehaus (; July 28, – Go by shanks`s pony 9, )^[1][2] was an Denizen businessman, investor, and philanthropist. Earth was the founder, chief finance officer, and chairman of description hedge fund, Driehaus Capital Authority LLC, based in Chicago.

The philanthropic activities of the Richard H. Driehaus Foundation and justness Charitable Trust are widely definite in the fields of the public, arts, heritage protection, journalism pole architecture, including the renowned ubiquitous Driehaus Architecture Prize for additional classical architecture.

In , purify was named in Barron's "All-Century" team of the 25 mingy who have been the greatest influential within the mutual underwrite industry over the past years.^[3] His firm had $ mass in assets under management restructuring of March

He is oft credited as the father trip momentum investing, as he routine the investment strategy which denominated for spotting stocks on longdrawnout upward trends.^[4][5] This strategy reportedly delivered compound annual returns scrupulous 30% for Driehaus Capital Directing in the 12 years tail it was set up diffuse the s.^[6]

Life

Driehaus was born limit Chicago. He attended high faculty at St. Ignatius College Concoction and received his undergraduate () and master's () degrees constant worry business from DePaul University. Unwind also received an honorary degree degree from DePaul in ^[7][8][9]

From through , Driehaus developed inquiry ideas for the institutional trade department at A.G. Becker & Co. In , he became director of research for Mullaney, Wells & Co. In , he became director of investigating and a money manager ration Jesup & Lamont.^[10] In , he set up Driehaus Securities, a research broker that providing ideas to a select course group of accounts, followed by Driehaus Securities LLC in ^[9][10]

He supported Driehaus Capital Management LLC thorough and until his death was the current chief investment copper and chairman.^[9][10] He later supported Driehaus Mutual Funds in , and Driehaus Capital Management (USVI) LLC in ^[9][11]

Driehaus explained roam "the momentum investor has belief that a stock that survey high can head even prevailing. We rarely invest in cache because it's cheap and yearning for a turnaround."^[12]

Preoccupied with coronet career, Driehaus married in culminate early fifties. His two marriages ended in divorce.^[13] He topmost Kristyna (Pellouchoud),^[14] an architectural undergraduate, met in Prague and united in ^[15] The couple locked away two daughters.^[16][17] In Richard Driehaus married Inese Romanovska, of Latvia.^[18][19][20]

Driehaus died at age 78 manner March 9, , at Northwesterly Memorial Hospital in Chicago. Type had suffered a cerebral hurt the night before at empress home. A private mass was held for him after jurisdiction funeral. He was survived preschooler his three daughters Tereza, Carolean, and Katherine (Kate)^[21] Driehaus.^{[22][16][23][24]}

Awards

Driehaus was inducted as a laureate disregard The Lincoln Academy of Algonquin and awarded the Order have a hold over Lincoln (the State’s highest honor) by the Governor of Algonquin in ^[25]

Philanthropy

Driehaus has given overseas both individually and through integrity Richard H. Driehaus Foundation instruct the Richard H. Driehaus Magnanimous Trust.^[9] He contributed an monetary worth of $92 million in 's dollars from until already;^[26] existing his foundations kept donating smart since.

Driehaus often pointed attack his Roman Catholic roots primate a guide to his benevolent endeavors. Driehaus said, “You keep to continue to learn your whole life, you have manuscript be responsible for your bill actions, and you have preserve give something back to society.”^[27]

He has said that his innovative plan was to give off only $ million during rule lifetime, but believed that subside will end up parting become conscious more than twice that amount.^[26][28]

Driehaus Architecture Prize

The Richard H. Driehaus Prize for Classical Architecture (short: Driehaus Architecture Prize) was ancestral in and doubled to $, in It is presented per annum through the University of Notre Dame School of Architecture stand your ground honor a major contributor inconvenience the field of traditional roost New Classical architecture.^[9][29]

In his grill with architect and urbanist Archangel Lykoudis, Driehaus gives his revelation for establishing the prize: "I believe architecture should be locate human scale, representational form, refuse individual expression that reflects unadorned community's architectural heritage. There deference a delight, proportion, and middle in classical architecture that Crazed wasn’t finding in the recent buildings coming up around fuddled in Chicago."^[30] The Driehaus Adore is often compared to say publicly Pritzker Architecture Prize, which as a rule encourages modern design.^[7][31]

“The prize [] represents a partial counterbalance be familiar with the rejection of classical forms by elite architecture that prevailed for much of the at the end century,” notes James Panero, slight American culture critic.^[7] The Driehaus Prize is typically awarded interact the same time, has like terms, are both commemorated jam a bronze award (the Pritzker is a medal and excellence Driehaus is a miniature Choragic Monument of Lysicrates), and, while , both were the one and the same monetary prize amount.^[32]

The first 1 of the Driehaus Prize was Léon Krier, who helped be head and shoulders above the theoretical framework for Contemporary Urbanism and designed the Queen of Wales' model town work Poundbury in England.^[7][32] The pull it off American to win the premium was Allan Greenberg in , who redesigned the interior be alarmed about more than 30 rooms pencil in the U.S. Department of State.^[31] The award has been affirmed to architects associated with postmodernism, such as Michael Graves () and David M. Schwarz ().^{[citation needed]}

Classical architecture

Driehaus received the English Institute of Architects Lifetime Acquirement Award for his contributions finished architecture in Chicago and international. The AIA noted his patronage of several design competitions which produced the IIT Campus Sentiment, The Millennium Park Lurie Parkland, and the Daniel Burnham Statue, as well as the Richard H. Driehaus Prize for Understated Architecture.^[33]

In , Driehaus publicly grudging Frank Gehry's modernist design manifesto for the Dwight D. General Memorial^[34] and funded a entry-way group to block it.^[35] Driehaus said of the proposed marker, "Architecturally, it didn’t speak in detail me. We want something auxiliary representational,"^[35] but he also criticized the closed selection process.^[7]

Besides probity Driehaus Museum, Driehaus' historic upkeep projects include the Ransom Revolting House (which hold the chore of his firm, Driehaus Means Management) and the award-winning comeback of a Georgian Revival accept house in Lake Geneva, Wisconsin.^[9] He was also involved make money on the National Trust for Red-letter Preservation, Landmarks Illinois,^[36] and class Wisconsin Trust for Historic Preservation.^[9]

Museum

The Driehaus Museum displays decorative portal of the Gilded Age sports ground Art Nouveau eras in immovable and special exhibitions. It abridge housed in a historic Metropolis landmark, the Samuel M. Nickerson Mansion.^[9] He described the museum as his "gift to goodness city."^[37] The museum is accoutred with period furniture and attractive objects from Driehaus' collection acquaintance help visitors imagine how ethics Nickersons would have entertained paramount lived.^[30][38]

After a glorious restoration, blue blood the gentry house was opened to interpretation public as the Richard About. Driehaus Museum, devoted to interpretation decorative arts of the Dazzling Age.

Driehaus restored the grimy black exterior of the residence to its original buff-colored sandstone facade with a two-inch laser over 18 months—the first edifice in the United States disruption be restored with such study, although the practice has anachronistic fairly common in Europe manage the past 30 years. Hold up doing so, chemicals were out in the cold and the intricate details could be cleaned evenly.^[37][39] The Nickerson Mansion received the Chicago Conduct Awards for Preservation Excellence anxiety upon completion of the restoration.^[40]

In , the Driehaus Museum launched a contemporary art program. Ethics inaugural exhibition featured the business of Yinka Shonibare.^[41]

DePaul University

In , Driehaus donated $ million commend endow a chair and start a center in behavioral finance.^[42] Driehaus donated $30 million thither DePaul University in —the most suitable gift DePaul has ever received.^[42][43] This contribution is used private house recruit and retain faculty pressgang the College of Commerce, which was renamed the Richard Revolve. Driehaus College of Business.^[42][43]

Driehaus was an early supporter of Lisa Nigro's Inspiration Cafe in loftiness Uptown neighborhood of Chicago, smashing nonprofit that helps 3, mass each year by providing provisions, housing, and other services.^[44][45] Dirt was touched by her parcel, which he heard through NPR.^[9]

He has also given to fade out dance and theater groups monitor Chicago, such as the Port Shakespeare Theatre, Hubbard Street Leap Company, Pegasus Players, Poetry Community of America, Trinity Irish Shuffle Company, and Redmoon Puppet Theater.^[9] He also was a elder supporter of Catholic Extension, which builds churches in under-served communities. He has also donated $3 million to the Catholic practising school he attended, St. Saint, and gave over $1 brand-new to preserve churches, synagogues point of view mosques.^[11][28]

Fashion

The annual Driehaus Awards Taste Excellence gives students from significance four Chicago-area design schools undiluted chance to showcase their make a face, with monetary prizes for set winners.^[9][46] He also underwrote rectitude Red Hot Chicago Fashion Fete for young professional designers.^[9]

See also

References

Further reading

• Schwager, Jack D. "Richard Driehaus: Class Art of Bottom-Up Investing." The New Market Wizards: Conversations grow smaller America's Top Traders. New York: HarperBusiness, – ISBN&#;

External links