Stanford University has decided not to try to sell about $5 billion in endowment assets in an auction, determining that these assets are starting to show gains in value, The Wall Street Journal reported. The planned sale was seen as a sign of how challenging wealthy universities were finding the market at a time that they hold many illiquid assets. Bids on the planned sale were in the range of 80 to 85 cents on the appraised value, the Journal said.
- The New Endowment Portfolio
- Give Me Liquidity!
- New Home for King Papers
- Quick Takes: Charges Against Rider Officials to Be Dropped, College Board Paid to Be Preferred Lender, Abandoning Alma Mater, Scrutiny for Law Schools, Attack in Colorado, Aid in Canada, Study of Loan Auction, $50M for Med School
- Cornell poised to win New York City competiton after Stanford withdraws
Search for Jobs
Popular Job Categories