John L. Keeley Jr.

John L. Keeley Jr. (May 20, 1940 – June 4, 2015) was an American investment manager and philanthropist. For almost 40 years, he ran Chicago-based Keeley Asset Management, which today is part of Keeley Teton Advisors, which is an affiliate of GAMCO Investors. Keeley and his family donated funds to help create the John L. Keeley Center for Financial Services at the DePaul University in Chicago and the Barbara G. & John L. Keeley, Jr. Center for Emergency Medicine Education at Loyola University Medical Center near Chicago.

Early life and education Born in New Orleans, Keeley was the son of John L. Keeley Sr., a longtime Chicago-area physician and surgeon who was chairman of the department of surgery at Loyola University Chicago's Stritch School of Medicine from 1958 until 1969.

Keeley grew up in Chicago's South Shore neighborhood and attended St. Phillip Neri grade school. He then attended Loyola Academy in Wilmette, Illinois, for high school. Keeley earned a bachelor's degree from the University of Notre Dame in 1962 and then earned an MBA in 1965 from the University of Chicago Graduate School of Business. He was awarded the chartered financial analyst designation in 1974.

Professional career Keeley began working in the investment industry in the 1960s as a securities analyst for the Chicago Corporation and then was in charge of research at the Chicago office of James Capel & Co., a London-based broker. After James Capel closed its Chicago office in 1974, Keeley helped found Seward Securities, where he researched equities and oversaw back-office operations. As a result, Keeley Asset Management's assets under management grew to more than $10 billion by the summer of 2008.

From 1997 until 2008, Keeley was one of four Chicago investment managers featured as part of the panel of local mutual fund managers whose stock picks were analyzed each quarter by the Chicago Tribune’s business reporters. Keeley was part of the panel from its 1997 inception until the Tribune discontinued the panel in 2008.

In July 2008, Keeley for the first time brought in an outside investor, Boston-based private equity firm TA Associates, which made a minority investment in Keeley Asset Management as a minority leveraged recapitalization. and in 2017, Keeley Asset Management merged with Teton Advisors, an affiliate of GAMCO Investors. Today the firm is known as Keeley Teton Advisors.

Keeley never retired from full-time investing work. and in 2006 made a $2 million donation to what was then DePaul University’s College of Commerce to establish an endowed chair in investment management in the name of his late son, Christopher.

Keeley also helped fund a multimillion-dollar renovation of the emergency room of Loyola University Medical Center. The facility, which was completed in 2012, was named in honor of Keeley’s father, John L. Keeley Sr.

Personal life Keeley was married to Barbara Keeley for more than 50 years.