September 15, 2004

Louis Chan Appointed to Professorship

Louis Chan, a distinguished and recognized scholar in finance, was named the first Hoeft Professor of Business.

Chan's research has concentrated on four areas of investment finance: empirical asset pricing, institutional investor behavior, trading cost measurement and investment methodology. He teaches portfolio theory and investments and has provided leadership crucial to the College's MSF and MBA programs. A member of the faculty since 1988, Chan holds a PhD and MS from the University of Rochester and has a BS from the University of Hawaii.

"The college is extremely grateful to Leonard and Mary Lou Hoeft for this support," said Dean Avijit Ghosh in a statement. "I congratulate Professor Chan on his appointment as the Hoeft Professor of Business."

Leonard C. and Mary Lou Hoeft are among the College’s most generous contributors. In addition to the Hoeft Chair of Business, they have made major gifts to help establish and provide support to the Technology and Management Program, which was recently renamed in their honor. The couple also established the Hoeft Endowed Chair of Information Technology and Management and endowed a similar chair in the College of Engineering.

A 1947 graduate of the College of Business, Hoeft is the retired chairman of Ziegler, Inc., a Caterpillar dealership in Minnesota.