HP Investor, Former Rangers Owner Dies

Highland Park investor, philanthropist, and former co-owner of the Texas Rangers Edward “Rusty” Rose, 74,  died Friday night after a battle with depression.

In 1974, Rose founded investment management firm, the Cardinal Investment Company. He would go on to hold various leadership positions for companies such as Drew Industries, Reata Pharmaceuticals, CPMG, CIC, and many others.

Rose wore many philanthropic hats serving as a member of the Salesmanship Club, as chair or the board of trustees for Greenhill School, and on the board of the North Dallas Shared Ministries.

He was also a great supporter of the Texas Nature Conservancy, the Trinity Trust, and the Perot Museum of Nature and Science. The bird wing of the Perot was named after him and he served as the honorary chair of the museum’s annual fundraiser in 2015 with his wife, Deedie.

Rusty and Deedie Rose were passionate supporters of the arts. In 2005, they were one of three couples that pledged to donate their vast collections to the Dallas Museum of Art upon their deaths. They also helped fund the construction of the AT&T Performing Arts Center.

Rusty Rose and former President George W. Bush were members of an investor group that purchased the controlling interest in the Texas Rangers in 1989. Together the group oversaw huge changes in the franchise, including the construction of The Ballpark in Arlington and the team’s first playoff appearance.

Bush said in a statement that he and Laura were “deeply saddened by the loss of our pal.”

“Rusty was a dear friend, great partner, and brilliant thinker,” Bush said. “We will miss him a lot – we already do. The entire Bush family sends our heartfelt sympathies and prayers to Deedie, Will, and Lela.”

Rose is survived by his wife, Deedie, children Will and Catherine Rose of Dallas and Lela Rose and Brandon Jones of New York, and his five grandchildren.

The funeral will be Monday at 3 p.m. at Highland Park United Methodist Church.

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