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UW patent group hires new investment officer

The group responsible for patenting the discoveries of researchers at the University of Wisconsin-Madison will announce today it has hired a new chief investment officer to replace the man who managed its now $1.4 billion investment portfolio for 26 years. Tom Weaver, who was senior investment manager of the $2.1 billion Fairfax County Employees Retirement System in Fairfax, Va., began overseeing the Wisconsin Alumni Research Foundation�s portfolio at the beginning of the year following the retirement of Mark Bear, said Andrew Cohn, a foundation spokesman.