Skip to main content

Richard Elden

Elden is the founder and former chairman of Grosvenor Capital Management. Established in 1971, Grosvenor, which managed the first fund of hedge funds in the United States, currently manages $24 billion.

Elden is a principal in Lakeview Investment Manager, which manages a fund of activist hedge funds. He is also a special advisor to Icahn Partners. Elden is on the investment committees of the University of Chicago, the Field Museum, the Museum of Contemporary Art and the Francis W. Parker School.

Prior to founding Grosvenor, Elden was a reporter for the International News Service, the City News Bureau of Chicago and the Chicago Sun-Times. In addition, he was a financial analyst with Science Research Associates and a securities analyst with A. G. Becker & Co., Inc. Mr. Elden is a graduate of Northwestern University (BA, 1956), the University of Chicago Graduate School of Business (MBA, 1966) and the Harvard Business School's Owner-President Management Program (1997).