Sixteen beats 30: Vanderbilt University's endowment fund outpaced peer funds by a few lengths, declining $600MM in value, to $2.9 billion, roughly a 16.5 percent drop at the midpoint in F2009 (Dec. 31) -- compared with peer institutions' average 22.9 percent loss, and the S&P 500's drop of 30 percent, according to a VU release out today. Earlier reports of VU losing up to 30 percent seem to have been premature.
Thursday, February 05, 2009
VU endowment fund outperforms
Sixteen beats 30: Vanderbilt University's endowment fund outpaced peer funds by a few lengths, declining $600MM in value, to $2.9 billion, roughly a 16.5 percent drop at the midpoint in F2009 (Dec. 31) -- compared with peer institutions' average 22.9 percent loss, and the S&P 500's drop of 30 percent, according to a VU release out today. Earlier reports of VU losing up to 30 percent seem to have been premature.
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