Dean Kenneth B. Dunn

Returning to Carnegie Mellon, Kenneth B. Dunn, PhD, a professor of financial economics, was appointed the eighth dean of the Tepper School of Business at Carnegie Mellon in July 2002 following a 16-year career managing fixed income portfolios. Dunn was a managing director of Morgan Stanley Investment Management and co-director of the U.S. Core Fixed Income and Mortgage Teams.

Dunn joined the Carnegie Mellon faculty in 1979 as assistant professor of industrial administration. He received the school’s Excellence in Teaching Award in 1982, served as the Leslie Wong Distinguished Professor (a visiting position) at the University of British Columbia in 1986 and became a tenured professor of finance and economics at Carnegie Mellon in 1987. His pioneering research regarding the application of option-based approaches to the analysis and valuation of mortgages has been published in leading finance journals. He and co-author Ken Singleton received an “All Star Paper” citation for “Modeling the Term Structure of Interest Rates Under Nonseparable Utility and Durability of Goods” that was published in the Journal of Financial Economics in 1986. Currently, he is an associate editor of the Journal of Fixed Income.

In 1987, Dunn joined the investment firm of Miller Anderson & Sherrerd and became partner in 1989. Quickly gaining a reputation for his work in mortgage-backed securities, Dunn built one of the largest mortgage groups in the U.S., managing approximately $75 billion in core fixed assets. Dunn also managed Miller Anderson’s fixed income trading, technology and insurance groups within the firm’s Asset Management Division. Dunn continued in these roles with Morgan Stanley after they acquired Miller Anderson in 1996.

Dunn earned a doctorate in industrial administration from Purdue University in 1979 and his master’s and bachelor’s degrees in business administration from Ohio State University in 1976 and 1974, respectively.

Ken and his wife, Pamela, are the parents of two children, and reside in Pittsburgh. A strong supporter of charitable organizations, Dunn is a trustee and investment committee chair for the Friends’ Central School in Philadelphia as well as a member of the board of directors for both the Pittsburgh Symphony and the Pittsburgh Opera.  Dunn is also on the board of directors of the Carnegie Bosch Institute for Applied Studies in International Management and BlackRock Inc., one of the largest publicly traded investment management firms in the United States.