Chicago Loses Another Financial Firm as Peak6 Moves HQ to Austin

Peak6 Investments will transfer its global headquarters to Austin from Chicago, making it the latest finance firm to dial back its operations in the Midwestern city.

The company, with a portfolio that has ranged from early-stage businesses to professional sports teams, said the move will put its executive team closer to the bulk of its workers, a majority of whom are already in Texas. The firm will maintain a Chicago office even after the change.

“Texas has been a cornerstone of PEAK6’s growth for over a decade,” co-Chief Executive Officer Matt Hulsizer said in a statement.

Chicago and Illinois ...