Brevan Howard Asset Management is giving US$30 million to founder Alan Howard's alma mater.
The donation from London-based hedge fund, which manages US$39 billion, will be used to set up a finance research center at Imperial College's business school. Howard studied chemical engineering at Imperial, one of the best universities in the U.K.
It is unclear precisely what the Brevan Howard Center for Finance will focus on, but the aftermath of the financial crisis is likely to be a part of it. "I think the crisis has generated a different set of questions than have traditionally been taught in business school," Howard explained.
The new center will be staffed by a director and two other professors, as well as junior academics, and will serve as many as 16 doctoral students.