Ariel Investments Introduces Discovery Fund

February 1, 2011 ( - Ariel Investments, LLC, has launched the Ariel Discovery Fund, a new small-cap, deep value publicly-traded mutual fund.

Ariel Discovery Fund, a portfolio comprised of 30 – 40 names, will invest in stocks with market capitalizations under $2 billion at the time of initial purchase.  David M. Maley will serve as Lead Portfolio Manager and final decisionmaker.  Kenneth E. Kuhrt will act as Portfolio Manager.       

According to a press release, Maley currently leads Ariel’s micro-cap value strategy. He joined Ariel in April 2009 bringing 25 years of investment experience. Prior to joining Ariel, Maley ran Maple Hill Capital Management. He began his investment career at Goldman Sachs.  He later joined Harris Bank as a Vice President and Senior Portfolio Manager.  Maley earned a BBA in finance with high honors from the University of Notre Dame and an MBA from the University of Chicago.   

The press release said Kuhrt serves in the same capacity for the Ariel Small Cap Value Product, working closely with lead portfolio manager John W. Rogers, Jr. and fellow portfolio manager John Miller. He joined the firm as a research analyst in 2004 after earning his MBA from the University of Chicago. Prior to Ariel, Kuhrt spent nearly two years with William Blair & Company.  He also worked as a senior auditor at KPMG.  He received a BS in accounting from the University of Illinois at Urbana-Champaign.   

More information about the fund is at