Ariel's Fall From Grace

John Rogers is trying to revive his sagging investment firm

For seven years, John W. Rogers Jr. enjoyed strong ties to Connecticut's Treasury Dept. His firm, Ariel Capital Management Inc., managed $82.9 million in pension funds for the state. But last March, when Rogers showed up for an appointment with Christopher Burnham, the new state treasurer, he was fobbed off on a couple of aides. Rogers never did meet with Burnham, and on Aug. 29, Burnham fired him.

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