The Cavalier Daily
Serving the University Community Since 1890

Mark Riffee


Brightman steps down as manager of endowment fund

Christopher Brightman, CEO of the University of Virginia Investment Management Company, which manages the University's endowment, has resigned for unspecified personal reasons. According to Pensions & Investments, a financial newsletter, Brightman said he plans to return to the investment management industry in the future. "I have the utmost regard for the staff and board of UVIMCO," Brightman said.

CARD Act to institute more credit restrictions

The Credit Card Accountability Responsibility and Disclosure Act of 2009 will take effect Feb. 22, instituting a series of regulations to protect consumers younger than 21 years of age from excessive debt. According to a 2009 study conducted by Sallie Mae, 84 percent of college students have at least one credit card; the average student has 4.6 cards.

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