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Hedge fund CEO gives $3bn to Carnegie Mellon in historic gift
Original: Hedge fund CEO gives $3bn to Carnegie Mellon University in historic donation
The chief executive of a hedge fund has donated $3 billion to Carnegie Mellon University, described as the largest gift in the institution's history. The donation ranks among the biggest ever made to a US university and is expected to significantly boost the Pittsburgh-based institution's endowment, research capacity and financial aid.
Why now: It is one of the largest donations ever made to a university, making it major news in both finance and higher education.
Carnegie Mellon Universityhedge fund CEO
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