of Virginia Darden School of Business'
Center for Asset Management has a new name.
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.
"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
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;
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
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
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.
Director of Media Relations
Darden School of Business
University of Virginia
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