Sandra A. Ell

Ms. Sandra A. Ell, CPA, is an Advisor at Lion Cao Asset Management LLC.
Ms. Ell is the Chief Investment Officer at the California Institute of Technology (Caltech).
She reports to the Investment Committee of the Board of Trustees and the Vice President for Business and Finance.
Caltech is a leading science and engineering private research university located in Pasadena, California.
Affiliated research centers include the Jet Propulsion Laboratory, Palomar Observatory and the W.M.
Keck Observatory.
She oversees the investment management activities of the Office of the Treasurer, including approximately $1.9BN in endowment, trust and other funds.
Her responsibilities include development of asset allocation policy and strategy, investment guidelines and endowment spending policy and strategy.
She joined Caltech in 1984, and has held various management positions in finance and accounting at the university.
Her prior professional experience was as an auditor at the U.S.
General Accounting Office, the Internal Revenue Service and the Libreria L’Erma Di Bretschneider, a publisher in Rome, Italy, specializing in archaeology and Roman history.
Ms. Ell received her B.A. (magna cu laude) in Latin from the University of California at Berkeley, and received a fellowship from Stanford University for study at the center for Classical Studies in Rome, Italy.
She is a Certified Public Accountant, and completed post-graduate study in accounting and investments.