Donald Fehrs is currently serving as the Chief Investment Officer at Cornell University. In this role, he is responsible for overseeing the management of the University's $3.3 Billion endowment.
Prior to his position at Cornell, Fehrs worked at Prudential Insurance in internal auditing and the treasury department. After completing an MBA and PhD, Fehrs taught finance at the University of Notre Dame. He eventually made the switch from working on faculty to working in the Office of Investments. He came to Cornell University in 1998.
Fehrs received an undergraduate degree in economics from Cornell University. He also hold an MBA and a PhD in Finance from Florida State University.
One of the interesting things of investing in an endowment is, is people understand that we work for a tax-exempt institution. And might think that we don't have to pay any attention to taxes whatsoever. In fact, there is a tax, which is called unrelated business income tax. And it applies when l...(Full transcript available to logged in subscribers.).
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