AQR’s Asness, Liew Donate $60 Million to University of Chicago

The University of Chicago campus.

Photographer: Beata Zawrzel/NurPhoto/Getty Images

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Clifford Asness and John Liew, hedge fund managers with five University of Chicago degrees between them, are giving $60 million to their alma mater, days after the school announced a separate $100 million gift.

The co-founders of quant firm AQR Capital Management made the donation to support a master’s in finance program at the Booth School of Business, where both earned MBAs, the school said Tuesday. They also earned Ph.D degrees at the university.