analyst at Becker in the 1960s, established Grosvenor Capital Management in 1971. Grosvenor was a pioneer in the hedge fund industry creating the first fund of hedge funds in the United States and as of 2009 managed in excess of $22 billion. Barry S. Friedberg, following the purchase of Becker, would go on to be head of Investment Banking at Merrill Lynch, and subsequently rose to the position of Senior Executive Vice President. Richard Gilder, founder of Gilder, Gagnon, Howe & Co. began his career as a broker at Becker in the 1960s. Lewis Glucksman left Becker in 1963 to help Lehman Brothers enter the commercial paper market; as Lehman's CEO he engineered the storied sale of that firm to American Express. Daniel J. Good who became President of EF Hutton LBO, Inc. and Head of Merchant Banking of Shearson Lehman Bros. John G. Heimann, former Comptroller of the Currency from 1977 to 1981 would join Becker in July 1982. James Melcher (born 1939), Olympic fencer and hedge fund manager Jeff Peek, President of CIT Group. Donald Rumsfeld spent two years at A.G. Becker, from 1960 to 1962, before winning election to serve in the U.S. House of Representatives. He later served as U.S.Secretary of Defense under President George W. Bush. Stephen H. Weiss, founder of Weiss, Peck & Greer began his career in investment banking at Becker from 1959 through 1970. References External links A Chronicle of the History of A.G. Becker & Co. "2 Holders Widen Role in Becker". The New York Times. July 2, 1982. "Mercury Securities, the parent of S G Warburg, has severed its financial links with Paribas, the nationalised French bank." April 30, 1983 A.G. Becker & Co., Inc. Records at the Newberry Library Banks based in Chicago Defunct companies based in Chicago Merrill (company) Former investment banks of the United States Defunct financial services companies of the United States Financial services companies established in 1893 Financial services companies disestablished in 1984 1893 establishments in Illinois Defunct banks of the United States