PE No Savior For Lackluster Endowments

Private equity didn’t rescue the nation’s biggest university endowments, most of which underperformed common benchmarks such as the Standard & Poor’s 500-stock index in fiscal 2012, which ended on June 30. Most universities blamed lackluster performance on overseas stock markets, with yardsticks such as the MSCI World Index falling 14 percent in fiscal 2012.

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