University of Cambridge Receives $27 Million for Economics Research

The University of Cambridge has announced a $27 million gift from alumnus Bill Janeway and his wife, Weslie, to the Faculty of Economics and Pembroke College.

The gift will be used to establish the Janeway Professorship of Financial Economics, a linked fellowship in economics at Pembroke, and the Janeway Fund for Economics. The fund will provide support in perpetuity to an institute for fundamental research in economics, as well as funding for postdoctoral fellows, doctoral and research students, visiting scholars, and international conferences.

An American venture capitalist, Bill Janeway received a Ph.D. in Economics from Cambridge, where he was a Marshall Scholar at Pembroke College, and currently serves as a visiting scholar in the Faculty of Economics. With his wife, he founded the Cambridge Endowment for Research in Finance in 2001. Weslie Janeway is president of the Pyewacket Foundation in New York City, which supports young investigators in the natural and social sciences as well as community and cultural organizations.

"Our gift celebrates and extends Cambridge's renewed leadership in new economic thinking and, especially, supports the reunion of the disciplines of economics and finance," said Bill Janeway.

"This generous gift from Bill and Weslie Janeway," said Sanjeev Goyal, chair of the Faculty of Economics, "will allow us to push the boundaries of teaching and research as a world leading center in economics."

"Major Gift for Cambridge Economics Research." University of Cambridge Press Release 07/02/2015.