Hedge fund firm Brevan Howard has agreed Monday to donate $30 million to a London university.
The New York Times reported that Brevan Howard will give the money to Imperial College’s business school, where founder Alan Howard received his undergraduate degree.
The article said that the research center will re-named the Brevan Howard Center for Finance. While the focus of the research center has not yet been determined, it is likely to spotlight on the changes in the financial industry following the economic crisis.
Founded in 2002, Brevan Howard manages about $39 billion in assets.