MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 18, 2022 A $575B-AUM Firm's Founder Plans a Museum The billionaire founder of a 41-year-old, $575-billion-AUM, 1,400-plus-employee (as of June 30) fund firm is planning to build an art museum in Texas, and the project recently cleared a key hurdle with local government.
Booth's plan, according to environmental program coordinator Leslie Lilly, is to build an art musuem memorializing his legacy. Daniel Woodroffe, the project's landscape architect, has spent a few years working on native habitat restoration on the property (which is at the Lake Austin and Bull Creek Water supply Suburban Watershed district), and the developers are working on new pathways, walkways, a pond, and more. "He's in his mid-70's and he would like to preserve his art for the future," David Armbrust, a real estate attorney working for Booth, reportedly said of the DFA chief. "So we're here, really building a museum for the future, which I truly believe will become an international destination given the quality of the artists that are there." The art musuem project developments come four years after Booth signed the Giving Pledge. Over the years, he has donated to both of his alma maters and to UT Austin. Printed from: MFWire.com/story.asp?s=64758 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
