Keeley Foundation founds Christopher L. Keeley investment-management chair. The Keeley Family Foundation has given $2 million to DePaul University's College of Commerce to establish a Christopher L. Keeley chair in investment management.

"Courses in this new program will educate students in the practical application of the investment management art, which will become more important to society in general and individuals in particular over time," says John Keeley Jr., president and chief investment officer of Chicago-based Keeley Asset Management. "It's become increasingly necessary to more efficiently manage one's assets as the retirement population grows and continues to age and the stability of the government's Social Security program remains in question."

In memoriam

The chair is named for John Keeley's son Christopher, a DePaul alumnus and a Keeley Asset Management staffer. He died four years ago of a pulmonary embolism. He was 29.

The new teaching position will be part of a new Center for Financial Services at DePaul's College of Commerce, which has been designed with the aim of helping students straddle theoretical and practical aspects of financial services.

Keeley Asset Management, founded in 1966, is a value-oriented investment firm that oversees the Keeley family of mutual funds, as well as separately managed accounts for institutional and high-net-worth investors. It managed around $2.7 billion in assets at the time of its latest ADV filing with the Securities and Exchange Commission. -FWR

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