Tuesday, 2 September 2014
Last updated 25 min ago
Sep 19 2013 | 12:31am ET
Silver Lake Partners chief Glenn Hutchins is helping his friend Henry Louis Gates Jr. ensure that Harvard University remains the preeminent African-American studies center in the world.
Hutchins this week announced a $15 million gift that will unite Harvard's decentralized African and African-American studies centers, the culmination of a decade-long friendship with arguably the field's most well-known and distinguished scholar. At Gates' insistence, the unified entity will be called the Hutchins Center for African and African-American Research.
"It creates an infrastructure for the department and a solid foundation on which they can thrive," Hutchins, who is white, told The New York Times.
Hutchins and Gates met 10 years ago at a symposium featuring the latter on Martha's Vineyard. Hutchins, a Harvard alum, sought Gates out at the event, and then made his first donation—$1 million—to his alma mater.
The gift to Gates' department is part of a previously-announced $30 million donation to the university. It is believed to be the largest-ever to the field of African-American studies.
"We both love ideas," Gates said. "We both love to build things," including the new home of the department on Harvard Square, with a façade designed by Ghanian-British architect David Adjaye.
"As long as there's a Harvard, the study of people of African descent will have a place. This is a perpetual part of Harvard. We have created something that has permanence."
The new Hutchins Center will debut next month with a ceremony honoring four people—director Steven Spielberg, Supreme Court Justice Sonia Sotomayor, Rep. John Lewis and National Basketball Association Commissioner David Stern—for their contributions to the field of African and African-American studies.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...