Eugene Sit, who founded Sit Investments Associates Inc. and built it into the 10th largest asset-management firm in Minnesota, recently died of pancreatic cancer. He was 69 years old. Sit, who emigrated from China as a child in 1948, founded the company that bears his name in 1981.

Sit also was an active philanthropist. In 2005, he launched the Minnesotans' Military Appreciation Fund, which provides grants to active servicemen and women who have served in Iraq or Afghanistan. He also was on the board or served as trustee for many businesses and organizations.

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