MutualFundWire.com: In Memoriam
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Tuesday, December 30, 2025

In Memoriam


A number of asset management industry veterans died in 2025. Here are some of the fundsters the industry lost this year:

  • James H. Yocum, former vice chairman of the Penn Square Mutual Fund;

  • Edson L. Bridges II, former chief of Bridges Investment Counsel and founder of Nebraska's first mutual fund, the Bridges Investment Fund;

  • Harry J. Lister, former CEO of Washington Management Corp. and its mutual fund business, and one of the ICI voices to weigh in during the creation of ERISA;

  • Edward E. "Jack" Smiley, former portfolio manager with NationsBank and Eaton Vance;

  • Thomas Francis "Tom" Sassi, former president of Dreman Value Management's mutual fund group;

  • Samuel "Sam" Bailey, Jr., former CEO of T.O. Richardson Company;

  • Thomas H. "Tom" Bailey, founder of Janus Capital Group;

  • Nicholas Ferguson "Nick" Kaiser, founder and principal owner of Saturna Capital Corporation;

  • Gerard M. "Jerry" Lavin, former CEO of Berger Associates;

  • Raymond Peter "Ray" Boulanger, a retired partner at Goodwin Procter and lawyer to fundsters;

  • George F. Russell, Jr., former longtime chairman of Russell Investments; and

  • Gary Louis Pilgrim, co-founder of Pilgrim Baxter Hoyt and Greig.


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