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It is a pioneering endeavor that is about the very ideal of a great university . " His breathtaking generosity places him in the tradition of the great philanthropists of the University of Michigan , such as Horace and Mary Rackham of the Graduate School and William W. Cook of the Law School , whose gifts have endured to change the lives of generations of students and faculty . Eisenstein 's professional honors include election to the American Academy of Arts and Sciences and a Fellow of the Royal Historical Society . He is a Fellow of the British Academy , honorary foreign member of the American Academy of Arts and Sciences and a member of the American Philosophical Society . The suit alleges that the state legislature violated the New York State Constitution when it allowed unelected members of the Berger Commission to make law and institute sweeping changes in health care policy by mandating the closure of hospitals statewide . These amendments have reduced the number of hedge funds that need to operate in compliance with ERISA and eased the compliance burden for hedge funds that manage the ' plan assets ' of ERISA investors .