Cornell's Money Managers

<p>I think that Cornell needs to remove its current money managers and replace them with far more effective ones, along the lines of Yale's current money managers. What are your thoughts? (btw this is in reference to endowment size)</p>

<p>I'm sure it's a complicated issue, but I would hope the new and heralded incoming president will work with the board of trustees to get a better return on their investment strategies.</p>

<p>Our money managers are doing fine. Our annual rate of return is similar to our peer schools. We just don't have that much endowment to start with. Hopefully the new president will be able to raise more money for the money managers to work on.</p>

<p>ru kidding, cornell's endowmnet just increased to over 4 billion dollars, which is very impressive</p>

<p>The endowment, as bball says, is very large, the endowment per student is where it could be much stronger relative to its peers.</p>

<p>I think they will have a lot of trouble making it close to its peers per capita when the school is 3 times the size of its peers (I'm assuming you mean Harvard, Yale and others of the Ivy League ilk) in population and land size.</p>

<p>That probably is the problem with the "endowment per student" number. Otherwise, Darthmouth with its $2+billion would never outrank Cornell in "per student endowment" if they both had the same number of students. However, I read somewhere that Qatar's Weill Medical College has an endowment of $8 billion, I was wondering why that isn't counted into Cornell's overall endowment.</p>

<p>$8 billion? Are you sure? That's an astonishing figure for a med school.</p>

<p>Yeah...I may have misread, otherwise that would be the greatest med school in history...and I am pretty sure it's not.</p>

<p>If that figure is accurate, the only reason why it wouldn't be included in the endowment is because it's overseas, and even that seems like a poor reason. Graduate and professional schools are included in the total endowment, right?</p>

<p>MUnited is indeed correct. The $8 billion <em>cash</em> endowment is the largest for any hospital/research center in the world. It looks to be a very ambitious project with world class aspirations for medical teaching and research. Here's one of many links:</p>

<p><a href="http://www.ameinfo.com/41422.html%5B/url%5D"&gt;http://www.ameinfo.com/41422.html&lt;/a&gt;&lt;/p>

<p>I don't know why it wouldn't be included in the entire endowment, though. Perhaps it's still too early?</p>

<p>They probably drill for Oil next door to the ER</p>

<p>haha...that money does smell of oil, doesn't it?</p>

<p>It's Qatar's investment on building an education city. Thus, the money is not Cornell's.</p>

<p>aww shucks... imagine if Cornell had its own oil field. We would have our own little Exxon. (Btw I like how the article uses the term "her highness" it seems so strange even though they are referring to a royal)</p>

<p>that probably just doubled qatar's net worth</p>