The University of Chicago Graduate School of Business plans to bolster its corporate governance program with a $1 million grant pledged by hedge fund MV Advisors, said Allan J. Friedman, GSB director-communications. MV plans to beginning the commitments by giving $100,000 in December, he said.
With the grant, MV is looking to "the very smart people of the University of Chicago to quantify and prove the value of corporate governance on (shareholder) performance," said John Mutch, MV founder and managing partner and a GSB graduate. "My goal is to help position (the school) as a thought leader in corporate governance."
GSB "has 30 faculty members who conduct research and teach on corporate governance," Mr. Friedman noted.
MV, founded earlier this year, plans to launch a fund in January that will seek to raise more than $100 million from pension funds and other institutional investors, using a shareholder activist approach, said Mr. Mutch. The firm's investment strategy seeks to profit by addressing governance, operational, strategic issues at underperforming small and midsized publicly traded technology companies.