Research and teaching on endowment and portfolio management at WU has been supported by the Pühringer Group for over 10 years. We are pleased that we have now been able to contractually agree on a long-term continuation and expansion of the funding programs:

• The Research Institute for Capital Markets (ISK) will receive funding from the Pühringer Group for another 10 years. Thus, the successful research work on investment strategies for endowments and long-term oriented investors can be continued. Further, this secures funding for several prae doc positions at the ISK.

• The agreements lay the base for an endowment to the WU Institute of Finance, Banking and Insurance. The endowment will make a significant contribution to intensifying WU's globally visible cutting-edge research in the capital markets area. It will also serve as an important cornerstone for an innovative component of university financing and hopefully serve as a model for research financing in continental Europe.

• The newly established Engelbert-Dockner-Fellowships will enable WU to invite renowned professors to spend several months at WU. With this initiative, we are also preserving the memory of Professor Engelbert Dockner, who passed away in 2017. Professor Dockner was passionate about the educational mission of universities and top-level and practice-oriented research in the area of investments and capital markets.

Further innovative support for research and teaching in the field of finance has been agreed upon in separate contracts in recent years and will be continued alongside these new projects. For example, the Pühringer Group supports WU's Portfolio Management Program as well as regular academic conferences and research awards.