To honor Darden alumnus Richard A. Mayo's (CLAS '64, MBA '68) contributions and his lifetime of service to Darden, the University of Virginia Board of Visitors voted Friday to name the center The Richard A. Mayo Center for Asset Management at Darden.Richard Mayo
"I have always been a strong supporter of the capital management program for the students at the Darden School - practical learning with academic contribution is most valuable," said Mayo. "Bob Bruner's vision is to develop a broader and more extensive program - both to improve the educational experience and to promote research - to enable the School to become a thought leader in the field of asset management, a goal I enthusiastically support. Darden has been instrumental in my own success, and I am grateful. Success here can significantly bolster the reputation of the School."
A longtime supporter of Darden and, in particular, the study of asset management at the School, Mayo has committed to an additional level of support for the Darden Center for Asset Management, and his generous contribution will firmly establish the center and set it on a course for long-term success.
"We are so grateful to Dick for his generous support," said Darden Dean Bob Bruner. "His contributions, along with those made by the other founding donors, will help Darden deliver a steady stream of new knowledge and research that will explore the full spectrum of asset classes in this important field."
The Richard A. Mayo Center for Asset Management will serve as a global hub of thought leadership and professional development for faculty, students, alumni and business practitioners in the field of asset management. In addition to the development of educational programs and regular conferences and activities, the center will support and encourage a stream of high-quality research published in top journals; champion the School's asset management curriculum; enhance Darden Capital Management (DCM), the student investment fund program; and develop and market asset management cases and other educational materials. DCM's assets have grown to nearly $10 million held in five funds, making it one of the largest programs of its kind.
As part of his involvement in asset management at Darden, Mayo has been influential in developing the University of Virginia Investing Conference (UVIC), which is sponsored by the center. The conference, now in its seventh year and held each fall at Darden, has become one of the most renowned investing conferences of its kind. From 13-14 November, UVIC will focus on the topic "Investing in Innovation," providing attendees with insights they need to invest successfully in the innovation economy.
On 9 May, the center co-sponsored the first Darden Shanghai Investing Summit in Shanghai, China. Held in one of Asia's most energetic financial centers, the Shanghai summit identified the next best investments in both the large, core emerging markets and in new pockets of performance.
Mayo began his investment career with the First Union National Bank in Charlotte, North Carolina, after graduating from the University of Virginia in 1964. He returned to Charlottesville in 1966 to attend Darden. Mayo was a founding partner of Grantham, Mayo, Van Otterloo (GMO) and is now the chair of Mayo Capital Partners in Boston, which he founded in January 2002.
"We are very fortunate and grateful to have Dick as a founding donor for the center," said Kenneth M. Eades, interim academic director of The Richard A. Mayo Center for Asset Management, professor of business administration and Finance area coordinator for the School. "He has been an instrumental force in making the center a reality, and we are very pleased and proud that the center will now bear the name of a man who has had such an accomplished career in asset management."
About the University of Virginia Darden School of Business
The Darden School of Business is one of the world's leading business schools, offering MBA, Ph.D. and Executive Education programs. The unique Darden experience combines the case study method, top-ranked faculty whose research advances global managerial practice and business education, and a tight-knit learning environment to develop responsible and complete leaders who are ready to make an impact.
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