Alleghany Asset Management and subsidiary Chicago Trust this month formed Chicago Capital Management, which will focus Chicago Trust’s institutional asset management business into a single unit, said Stuart Bilton, president of Chicago Trust and Alleghany Asset Management. Chicago Trust moved $7 billion over to the new unit, headed by Robert M. Boyles, president.
Carla V. Straeten, formerly head of marketing at Chicago Trust, is executive vice president, managing director, global marketing and client service, for the new unit. Chicago Capital’s separate account investment strategies include large-cap growth stocks, headed by Bernard F. Myszkowski; small-cap value equities, directed by Patricia A. Falkowski; and domestic fixed income, led by Fred Engimann.
