Friday, 22 August 2014
Last updated 11 hours ago
Jan 26 2006 | 7:41pm ET
The rich keep getting richer, or so it seems for endowments.
Over the last decade, colleges and universities with over $1 billion in their endowments have earned an average of 12% per year, compared to those with under $25 million, which earned an average of 7.9%, according to a recent survey by the National Association of College and University Business Officers.
The NACUBO survey also showed that billionaire colleges invested 21.7% of their endowments in hedge funds last year, compared to 2.4% of lessendowed schools.
The larger endowments also invested a higher percentage of their assets in other alternatives, such as private equity, venture capital, natural resources and real estate.
The NACUBO report, in which 746 institutions were polled, draws the conclusion that the wealthier colleges can afford more sophisticated financial advice and therefore have better returns.
Other stats by the Association show:
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note