Texas Endowment Managers Worry About What's Next

July 15, 2011

The mammoth endowment fund of the University of Texas is planning to double the $50 million hedge it maintains in an insurance fund against market downturns, officials said Thursday, Bloomberg News reported. Texas officials heard reports that a major financial crisis in Europe or involving the stability of the U.S. dollar could lead to a drop of one-fifth in the endowment's value. "None of us saw 2008, and this could be worse than 2008," said Gene Powell, chairman of the University of Texas Board of Regents.

Be the first to know.
Get our free daily newsletter.


+ -

Expand commentsHide comments  —   Join the conversation!

Opinions on Inside Higher Ed

Inside Higher Ed’s Blog U

What Others Are Reading

  • Viewed
  • Past:
  • Day
  • Week
  • Month
  • Year
Back to Top