Many prominent university endowments took a conservative turn last year, after sharp losses in the financial crisis, and underperformed the stock market as well as much smaller endowments. These endowments, which typically hold a mix of stocks, bonds, hedge funds, real estate, and more complex investments, on average did not beat the stock market. The 80 schools in the preliminary round of the endowment study had returns ranging from 4.8 percent to 36.2 percent. Read more at:
http://www.boston.com/news/education/higher/articles/2010/11/03/cautious_investments_by_big_colleges_bring_smaller_gains/
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