Hedge Fund Founder Gives Record Sum to Cambridge University
- Winton Group’s David Harding to fund doctoral scholarships
- Brexit threatens funding for Britain’s academic institutions
The colleges of Cambridge University.
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David Harding, the billionaire founder of hedge fund firm Winton Group, donated 100 million pounds ($130 million) to the University of Cambridge, the biggest single private gift to a U.K. college from a British philanthropist.
More than three-quarters of the money from Harding and his wife will provide full scholarships for about 100 distinguished doctoral students, the university said Tuesday in a statement. The rest will support undergraduate students at Britain’s second-oldest university.