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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Grosvenor CEO Makes $5M Donation to Northwestern University

Aug 20, 2013
Jing Chen

Grosvenor Capital CEO Michael Sacks is donating $5 million to Northwestern University to aid students in the Chicago public school system attend the college.

Crain’s Chicago Business reported that $3.6 million will go toward creating the Michael and Cari Sacks Scholarship Fund for CPS students.

The couple’s scholarship program will work in partnership with Northwestern’s ‘Good Neighbor, Great University’ scholarship program to assist qualifying low-and-middle-income students in the Chicago region get into the university. 

Sacks, a trustee of Northwestern since 2007, received a law degree and a Master’s in business administration from the university.

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