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AJO is an institutional investment manager established in 1984, with offices in Philadelphia and Boston. We manage tax-exempt portfolios of value-oriented U.S. and international equities.

N.B. – AJO ceases to manage money in 2021’s first quarter. This website is frozen in time, just before we announced our plans to shutter (except for index performance, which continues to update). Email addresses remain active. Excelsior!