Guggenheim’s Walter Trims Deutsche Deal Amid Growth Push

When Mark Walter, the chief executive officer of Guggenheim Partners LLC, ran Chicago investment firm Liberty Hampshire Co., a junior associate asked in 1996 why he decided to accept money from outside investors.

“I’d rather have a small piece of an incredibly large and successful pie than own all of nothing,” Walter said at the time, according to the associate, Brian Friedman, who worked at Liberty for a year and had been a student of Walter’s at the Illinois Institute of Technology Chicago-Kent College of Law.