Peter Thompson, a nephew of former Chicago Mayor Richard M. Daley, will step down as chief executive of Perkins Investment Management at the end of the year.
Perkins is an arm of Denver-based Janus.
His duties will be assumed by Jeff Kautz, currently chief investment officer, who will also maintain his current role.
“Perkins will now adopt a structure similar to that of fellow Janus subsidiary, Intech Investment Management,” Thompson said in a letter. Intech’s chief investment officer is also its CEO.
Thompson said he will take “a little bit of time to ponder” his next step.
“But those of you that know me well understand that I do not sit still for long,” said Thompson, who sent two letters, one to those with whom he has a personal relationship and another to clients, colleagues and business partners.
Peter’s brother, Patrick, has served in public office. In a 2012 interview with the Chicago Tribune, Peter Thompson didn’t express any such desire.
At the end of June 2014, Janus managed $177.7 billion in assets. Of that, Perkins managed $13.7 billion. That’s up from $11 billion when Thompson joined the firm but down from $18 billion in early 2012.
Perkins seeks to minimize losses when the market is falling.
byerak@tribune.com | Twitter: @beckyyerak
