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David Axelrod, Obama Adviser, To Lead University Of Chicago Institute

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David Axelrod announced this week he will lead a new political institute at the University of Chicago. | AP

CHICAGO -- One of President Barack Obama's senior political advisers says he's working his "last campaign" before going to lead a new University of Chicago political institute.

David Axelrod is the senior strategist for Obama's re-election campaign. He said Thursday that he's returning to his alma mater after the 2012 presidential elections.

Axelrod says the Institute of Politics at the University of Chicago will bring high profile speakers to the university's campus on Chicago's South Side, help students get internships in politics and journalism and help bring visiting fellows to the school.

Axelrod graduated from the private university in 1976 and says he wished there had been more opportunities to expand his interest in politics. The one-time Chicago Tribune political writer was an adviser to the president before becoming a re-election strategist.

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