July 24, 2008
Jitters Amid Strong Returns
Endowment performance likely to falter, experts say
The 253 endowments in The Chronicle's annual survey enjoyed their fifth straight year of strong investment returns in 2007, but that streak may come to a halt in 2008.
The endowments in the survey earned a median return of 15.7 percent in 2007 — meaning that half of the endowments achieved higher returns and half lower — helped by a rising stock market and good returns on other types of investments.
Yet given the way markets have acted in the past
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