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.
Well the endowment represents a permitted source of financing for the university. It is meant to be a pool of capital which can generate earnings that can be spent. And it is meant to be there forever. We refer to the spending process as one of intergenerational equity. We want to spend enough f...(Full transcript available to logged in subscribers.).
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