Ariel Investments is an investment periodical produced by Ariel Capital Management. Ariel Capital, located in Chicago, is a privately-owned money management firm with $21.3 billion in assets under management. The company manages separate account portfolios in the small and mid-cap value style and serves as investment advisor for the Ariel Mutual Funds, which are comprised of two no-load, publicly traded mutual funds. Ariel Investments is designed for company shareholders. It offers insight and analysis of the company's portfolion, as well as the stock market as a whole.