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.
Search for Jobs
Popular Job Categories