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Asset manager named – Mellon manages endowment

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The Virginia Tech Foundation has chosen Mellon Trust to manage its $340 million endowment and $30 million operating fund.

Mellon Trust’s Global Securities Services group will be given custody of the funds and manage all investments.

Mellon Financial Corporation is a global financial services company with more than $2.8 trillion in assets under management, administration or custody, including more than $500 billion under management.

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