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Ten years hence

Scott Malpass and Richard Mendenhall, Vice President and Chief Investment Officer and Fred V. Duda Professor in Business and Finance Department Chair

January 22, 2010

Scott Malpass and Richard Mendenhall

Scott C. Malpass is vice president and chief investment officer at the University of Notre Dame, responsible for investment of the University's endowment, working capital, pension and life income assets of almost $7 billion. The endowment of some $6.2 billion is the 14th largest in American higher education and the largest at a Catholic university.

Having served as chief investment officer since 1989, Mr. Malpass works closely with the investment committee of the University's Board of Trustees in partnering with the most sophisticated investment management organizations throughout the world. The portfolio is widely diversified, with one of the highest allocations to alternative assets within the endowment community, and has accomplished top tier investment performance over both short and long-term time periods. 

For the fiscal year ended June 30, 2000, the endowment returned a record 57.9 percent, the highest return for any American university and the subject of extensive media coverage in The Wall Street Journal, The Chronicle of Higher Education, U.S. News & World Report, The New York Times, and on CNBC. The University is recognized for its leadership in international, private capital and alternative investing, and its philosophy of building relationships with leading edge investment management firms and identifying niche investment opportunities that provide opportunities for superior investment performance.

Mr. Malpass is one of 12 leading chief investment officers profiled in the book Foundation and Endowment Investing:  Philosophies and Strategies of Top Investors and Institutions, written by Lawrence E. Kochard and Cathleen M. Rittereiser and published by John Wiley and Sons in December 2007.

Mr. Malpass is a 1984 Notre Dame graduate and received a master of business administration degree from the University in 1986. He returned in 1988 from the Wall Street firm, Irving Trust Company, and became chief investment officer the following year when the University's endowment stood at $425 million. 

Mr. Malpass is a concurrent assistant professor of finance in the Mendoza College of Business at Notre Dame.  In 1995, he helped develop the Applied Investment Management course in the College for outstanding students in finance that has received extensive interest from financial services firms throughout the country. Mr. Malpass is a director or advisory council member for several investment and charitable organizations.  He serves on the investment advisory committee for Major League Baseball and for the National Association of Securities Dealers (NASD).

Professor Rick Mendenhall is the Fred V. Duda Professor in Business and Finance Department Chair.  He studies the role of public information in setting stock prices. For example, he has studied the impact on stock prices of earnings announcements, securities analysts’ forecasts, and firms being added to or deleted from the S&P 500 Index. His studies have been featured and discussed in many media outlets such as the Wall Street Journal, the New York Times, Business Week, Forbes, CNN Headline News, and National Public Radio. In addition to his research, he remains current by maintaining professional contacts primarily with money managers and consultants. Mendenhall’s areas of expertise include stock market anomalies and response to information, characteristics of analysts’ forecasts, market efficiency and stock market indexes.  Hel graduated from United States Naval Academy and served as an officer in the Navy for five years. During that time he graduated from the Naval Nuclear Power School and served aboard a nuclear submarine. He later earned MBA and PhD degrees in finance from Indiana University. He has been a visiting faculty member at Indiana University and New York University.

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