Yale University said Tuesday its nearly $23 billion endowment has dropped 25 percent to about $17 billion in recent months due to therecession,[market decline]...
There, fixed that for the brain dead reporter.
There was no place to hide in this market; here in the US, overseas, not even in commodities. I'm surrpised that Yale did as badly as they did. I would expect them to have had a large portion of their endowment in cash equivalents.
No comments:
Post a Comment