August 31, 2006
Health-Care Endowments See Earnings Grow by 6.3%
Endowment investments at nonprofit health-care organizations grew by 6.3 percent in 2005 — slower growth than in past years and a mirror of how the stock market has been faring, according to a new study by the Commonfund Institute.
Last year's returns were down from an average of 8.2 percent in 2004 and 14.1 percent in 2003.
In response to the slowdown in stock prices, health-care organizations began shifting more of their endowments into alternative investments like
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