September 30, 2004
Big Hospitals Saw Investments Grow by 14.1%
Investment assets at the nation's largest nonprofit hospitals and medical centers rose an average of 14.1 percent last year, reversing a three-year downturn, according to a report from the Commonfund Institute.
The increase occurred in part because the 204 health-care organizations surveyed -- representing $129-billion in assets -- diversified their portfolios, putting an increasing share of their money in alternative investments such as hedge funds, venture capital, and
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