The UCLA Anderson School of Management and its investment management specialization program have received a major boost from alumnus Richard (Ric) Kayne and his wife, Suzanne.
The Kaynes' recently announced $5 million gift establishes the Ric and Suzanne Kayne Investment Management Specialization Program Fund, which supports activities related to the program and provides funding for research, student aid, technology and the school's administrative operations.
Ric Kayne, the founder and chairman of Kayne Anderson Capital Advisors, a manager of alternative investment funds, stressed the importance of philanthropy as UCLA Anderson's flagship M.B.A. program transitions to a self-supporting model.
"We are confident of the bright future of UCLA Anderson," he said. "Our gift is an investment and endorsement of UCLA's Anderson's self-supporting effort. Philanthropic support is vital now more than ever, as UCLA Anderson must stand on its own fianancial footing and continue as one of the leading business schools in the country, indeed the world. We are excited about the opportunity to help build the next generation of investment managers."
Read more about the Kaynes' donation on the UCLA Anderson website.