Richard Driehaus

Richard Herman Driehaus (; born 1942, Chicago) is an American fund manager, businessman and philanthropist. He is the founder, chief investment officer, and chairman of Driehaus Capital Management LLC, based in Chicago. In 2000, he was named to Barron's "All-Century" team of the 25 individuals who have been the most influential within the mutual fund industry over the past 100 years. His firm had $10.9 billion in assets under management as of the end of March 2015.He is often credited as the father of momentum investing, although he was not the first to implement the strategy. Driehaus explained that "the momentum investor has confidence that a stock that is high can head even higher. We rarely invest in stock because it's cheap and hope for a turnaround." This strategy reportedly delivered compound annual returns of 30% for Driehaus Capital Management in the 12 years after it was set up in the 1980s.