Chicago’s Sales space College of Enterprise receives a $60M reward
Two College of Chicago Sales space College of Enterprise alumni have donated $60 million to call the grasp of finance program, which welcomed its first cohort of scholars in August, the college introduced Tuesday.
The reward comes from Clifford Asness and John Liew, co-founders of the worldwide funding administration agency AQR, who each earned M.B.A.s and Ph.D.s from the College of Chicago.
“Due to Cliff and John’s extraordinary generosity and management, the Asness and Liew Grasp in Finance Program will be sure that gifted faculty graduates shortly attain the frontiers of contemporary finance,” mentioned Madhav Rajan, dean of the Sales space College. “By offering broad assist for college, college students and different areas of this system, this funding will allow the varsity to efficiently perform its mission to affect and educate this promising new group of leaders.”
Introduced in 2023, the 15-month program is among the faculty’s first new diploma choices in 88 years.
“After I take into consideration the difficulties {of professional} and mental success I believe ‘There however for the grace of Chicago go I!’” mentioned Asness in a information launch. “Everybody wants some luck in life, and my nice luck was being there after I was. This opportunity to provide one thing again—serving to make Chicago for others what it was for me—is past gratifying.”
Liew added, “It’s laborious to overstate the impression that our time at Sales space had on us professionally. We actually constructed our careers and our enterprise round what we discovered. This actually is the least we are able to do.”
