According to the Wall Street Journal, Barack Obama launched his presidential transition with a series of meetings at Ariel Investments.
"Obama spent much of Wednesday huddled in the offices of Ariel Investments, a Chicago-based mutual fund company headed by friend John W. Rogers Jr."
Ariel Investments is a Chicago-based investment management firm that has a "Below Average" performance rating according to Morningstar. As an African-American-owned firm, it has benefitted from city and state government and union pension funds who are under a mandate (whether official or not) to boost investments with minority-owned firms. Of course, the pensioners dependent on the performance on these investments have not shared the benefits.
A small but interesting sign of things to come?
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