Hedge Fund Quant Gives $120 Million to UVA for Data Science
- QIM co-founder Woodriff’s gift is largest in school’s history
- Money will be used to hire faculty, construct new building
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Jaffray Woodriff, a co-founder of Quantitative Investment Management, gave $120 million to the University of Virginia, the largest private gift in its 200-year history.
The money from his foundation will be used to establish a School of Data Science, the university said Friday in a statement. Woodriff, a graduate of UVA’s McIntire School of Commerce, donated $10 million in 2014 to build the Data Science Institute, which will be integrated into the new school.