- Associated Press - Friday, January 30, 2015

TUSCALOOSA, Ala. (AP) - A Birmingham couple is donating $3 million to the business school at the University of Alabama.

The contribution by C.T. Fitzpatrick and wife Kelley Fitzpatrick will be used to fund new endowed faculty positions for value investing. It will also go for a trading floor and research library.

Value investing involves the selection of undervalued stocks.

Fitzpatrick is an alumnus of the Alabama business school and the founder of Birmingham-based Vulcan Value Partners, which manages more than $10 billion in assets.

Fitzpatrick says Alabama will have the nation’s best value-investing program once the additions are complete.

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