Andrew H. Chen and Elaine T. Chen have made a $2 million gift to the SMU Edwin L. Cox School of Business to establish The Andrew H. Chen Endowed Chair in Financial Investments Fund.
Andrew Chen, who retired as Professor Emeritus of Finance at SMU in 2012, said he and his wife wanted to ensure that the Cox School will continue to attract outstanding finance faculty.
The gift will include $1.5 million for the endowment of the faculty chair and $500,000 for operational support, which will enable immediate use of the position while the endowment vests.
“As a faculty member in the Finance Department, I focused much of my research and teaching in the areas of option pricing and options-related investment strategies, ” Andrew Chen said. “After retiring from my faculty position, I decided to put into practice what I had taught in the classroom and was fortunate enough to meet with some success. Elaine and I now find ourselves in the position of being able to make a useful contribution to the Cox School by setting up an endowed chair in financial investment. We hope that this new finance chair will further enhance the Cox Finance Department’s reputation and enable its holder to enjoy an excellent career at SMU, just as I did when I was a member of the Finance Department.”