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Some Endowments See a Little Good News

July 13, 2009
 

What amounts to good news for endowment managers these days wouldn't have been good news a few years ago. But Bloomberg reported that several colleges with large endowments are finding that their losses for the fiscal year just ended are slightly smaller than projected and several that expected the current fiscal year to produce more losses are now projecting a flat year. While the revised projections are welcome, they are not generally dramatic enough to lead colleges to reverse budget cuts they have adopted.

 

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