History
Quality Never Goes Out of Style

Where We Come From

KAR was founded in 1984 by two successful entrepreneurs, Richard Kayne and John Anderson, for whom the University of California, Los Angeles, named its business school, The UCLA Anderson School of Management, to manage the funds of its principals and clients through non-traditional investment partnerships. The traditional investment management business conducted by KAR began in 1989 when Allan Rudnick joined the firm. Through the years, our firm has built upon our founders’ original principles: Orientation toward preservation of wealth and innovative ideas, an embrace of meticulous research, and a dedicated focus on quality in business practices and investment strategies.

 

Our goal at KAR is to invest in quality and to provide the highest level of client service. Contact our teams today. 


Founders

John Anderson

John E. Anderson was founder of Kayne Anderson Rudnick Investment Management. Mr. Anderson was a successful attorney, entrepreneur, and investor in financial-services businesses. The University of California, Los Angeles, named its business management school, The Anderson School at UCLA, after him. Mr. Anderson was a well-known philanthropist with a distinguished record of service to Southern California in the areas of education, health care, and cultural enrichment, including contributions to institutions such as UCLA, Children’s Hospital Los Angeles and the YMCA of Metropolitan Los Angeles. Mr. Anderson earned a B.S. from the University of California, Los Angeles, an M.B.A. from Harvard University, and a J.D. from the Loyola Law School, Los Angeles, the graduate school of law for Loyola Marymount University.

Richard Kayne

Richard Kayne is founder of Kayne Anderson Rudnick Investment Management. He began his career in the mid-1960s as an analyst with Loeb Rhodes & Company in New York. Before forming Kayne Anderson Rudnick, Mr. Kayne was a principal of Cantor Fitzgerald & Company where he managed private accounts, a hedge fund, and a portion of firm capital. Mr. Kayne is a trustee and former Chairman of the Investment Committee of the UCLA Foundation and a trustee and co-chairman of the Investment Committee of the Jewish Community Foundation of Los Angeles. He earned a B.S. in Statistics from Stanford University and an M.B.A. from the University of California, Los Angeles.

Allan M. Rudnick

Allan M. Rudnick is founder of Kayne Anderson Rudnick Investment Management. He began his career in the mid-1960s with Oppenheimer & Co. in New York, where he was a securities analyst and portfolio manager for the firm’s first small-mid cap mutual fund.  Before joining KAR in 1989, Mr. Rudnick was Chief Investment Officer for The Pilgrim Group, overseeing both equity and fixed income mutual funds. At Kayne Anderson Rudnick, he was Chief Investment Officer from 1989 to 2007, and Chairman from 2005-2007, after which he was named Chairman Emeritus. He is active in philanthropic and community activities.   He served as member of Cedars Sinai Investment Committee and as trustee of six mutual funds managed by First Pacific Advisors. Also, he was trustee of the closed-end investment company Source Capital, listed on the New York Stock Exchange. He is a trustee of Children’s Hospital Los Angeles and LA Leadership Academy Charter School, where he volunteered as instructor in financial literacy. Mr. Rudnick served on the Trinity College Board of Fellows. He earned a B.A. in Economics from Trinity College and an M.B.A. from Harvard University.

KayneCast: Prospects of Rate Hike Stability Sparks Market Rally
Small Mid Cap Core Review of the Fourth Quarter of 2023 | KayneCast 241

Timeline

  • 1984
    Firm Founded
  • 1985
    Launch of Wealth Advisor Business
  • 1989
    Inception of High-Quality Investment Approach
  • 1990
    Launch of Institutional and Sub-Advisory Businesses
  • 1992
    Inception of Small Cap Strategy
  • 1994
    Inception of Fixed Income Platform and First Equity Style Strategy
  • 1996
    Launch of Mutual Funds
  • 1998
    Inception of Small-Cap Style Strategies
  • 2000
    Inception of Mid Cap Core Strategy
  • 2005
    Firm Becomes a Wholly Owned Subsidiary of Virtus Investment Partners
  • 2011
    San Francisco Office Opens
  • 2012
    International Platform Launched
  • 2012
    Inception of Growth Strategies
  • 2013
    Top 10 on Barron’s List of Top 100 Independent Advisors
  • 2014
    Celebrate 30 Years!
  • 2015
    AUM Tops $10 Billion
  • 2016
    Salt Lake City and Denver Offices Open
  • 2016
    Inception of Long/Short Strategy
  • 2017
    Boston, Seattle, Scottsdale and Newport Beach Offices Open
  • 2017
    Ranked #1 on Barron’s List of Top 100 Independent Advisors
  • 2017
    AUM Tops $18.9 Billion
  • 2018
    AUM Tops $22.8 Billion
  • 2018
    Inception of SMID Growth Strategy
  • 2018
    Ranked #1 on Barron’s List of Top 100 Independent Advisors
  • 2019
    Ranked #1 on Barron’s List of Top 100 Independent Advisors
  • 2019
    Became a PRI Signatory
  • 2019
    AUM Tops $33.0 Billion
  • 2020
    Launch of Proprietary ESG Rating System
  • 2020
    AUM Tops $51.7 Billion
  • 2021
    Ranked Top 10 on Barron’s List of Top 100 Independent Advisors
  • 2021
    AUM Tops $65.0 Billion
  • 2022
    Ranked #1 on Barron’s List of Top 100 Independent Advisors
  • 2022
    Ranked #2 on Forbes Inaugural List of Top RIA Firms
  • 2022
    Los Angeles Headquarters Moved to a New Office Location
  • 2022
    Inception of Global All Cap ESG and Thematic Quality strategies
  • 2023
    Investment Team Promotions to Co-CIO, Head of Research, and Chief Market Strategist