Two alumni of SMU’s Cox School of Business have helped the School create an undergraduate curriculum in alternative asset management. D. Scott Luttrell (’77), founder and chief executive of LCM Group Inc. of Tampa, and David B. Miller (’72, ’73), partner and cofounder of EnCap Investments LP, have each contributed $1.5 million toward establishing the program.
The combined gifts will fund the EnCap Investments and LCM Group Alternative Asset Management Center and the hiring of a director. It will also support development of courses leading to a specialization within the finance major at the undergraduate level and the finance concentration at the M.B.A. level.
Cox Dean Al Niemi points out that Dallas is one of the three leading U.S. cities in private equity and hedge funds and provides a natural market for graduates in this field. “During the past five years, investments in hedge funds, venture capital, private equity, real estate, and oil and gas have increased exponentially,” he says. “The hedge fund market alone has grown from the first fund pioneered by A.W. Jones in 1949 to more than 6,000 today. The demand for alternative asset investment professionals has exploded.”
Read more from Robert Miller in The Dallas Morning News.