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Richard Elden Obituary

Elden, Richard 84, died June 27, 2018. He was a wonderful husband to Gail for 57 years, father to Tom and Cindy, and brother to Joan Feitler. A former journalist, in 1971, he founded GCM Grosvenor, now a $50 billion Chicago-based investment firm. Grosvenor, which specialized in investing in hedge funds, became the first firm of its kind in the U.S. and spawned the U.S. fund-of-hedge funds industry. It also spurred the growth of the broader hedge fund sector. He was a serial entrepreneur, developing new businesses throughout his life. He served on boards of trustees or investment committees for the University of Chicago, the Field Museum, Museum of Contemporary Art, and the Francis W. Parker School. He developed a medical charity, the Usher III Initiative with Cindy, who has Usher syndrome. He was a lifelong Chicagoan, who supported a variety of cultural and educational institutions in Chicago and New York. Because his wishes were not to have a memorial service, one has not been planned. Suggested charities for memorial contributions include the Usher III Initiative, the Melanoma Research Alliance, Robert H. Lurie Comprehensive Cancer Center Melanoma Program of Northwestern University, Memorial Sloan-Kettering Cancer Center Immunotherapy Program, Columbia University School of Journalism Knight-Bagehot Fellowship, and the Committee to Project Journalists.

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Published by Chicago Sun-Times on Jul. 1, 2018.

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W. Florida

July 6, 2018

For me, Dick Elden was a very generous and helpful man of tremendous achievements. My sympathies and condolences to Dick's family for this great loss.

JM

July 3, 2018

Sincere condolences are extended to the family of Richard Elden as they mourn the death of their love. God will fulfill his promise to bind up the brokenhearted. Isaiah 61:1

R F

July 3, 2018

Gail, your husband Richard was a gallant man. May you and your family receive an abundance of moral support from your friends and neighbors. For comfort and peace, the God of the Heavens promise to soothe your hearts and heal your pains. (Jeremiah 31:13b)

marlene baumgarten

July 3, 2018

Marlene Baumgarten sends sincere condolences remdmbering dick since high school years as he travelled through his specific life's path.

Sharon Baranowski

July 2, 2018

Dick was a very unusual man, one who was focused on his work and his health. He had strict standards for himself and expected that of his employees as well. I worked at Grosvenor for 20 years, 10 of those as his assistant. He taught me many things, one of which was to ask the right questions to get the right answers.

Gail, Tom and Cindy, I'm sorry for your loss.


Sharon Baranowski

Romans 15:33

July 1, 2018

You have my deepest sympathy. May God give you peace and strength to keep you going during your time of sorrow.

July 1, 2018

His friends and colleagues at the Field Museum are in mourning at his passing. He was a loyal Trustee and a generous supporter. Our hearts are with Gail and the family.
Richard W. Lariviere
President and CEO
Field Museum

Newt Minow

July 1, 2018

Dick Elden was exceedingly imaginative and contributed his talents to his family, his community, and his nation. I valued and treasured his friendship for decades. I hope his family will find comfort in time in reflecting on the good years together. Newt Minow

Mary Marks

July 1, 2018

Mary and Mel send much Love and sympathy to you all. We are very saddened by the news, but lucky to have known Dick. Seeing him each morning on the running path for so many years was a nice way to start the day.

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