Reuters- University Endowments Down in FY2012

U.S. college and university endowments posted an average loss of 0.3 percent for fiscal 2012, a sharp reversal from a gain of 19.2 percent a year earlier, pressured by volatile international equity markets, according to a study released on Friday. Institutions with the biggest endowments reported the highest returns, according to a study by Commonfund Institute and the National Association of College and University Business Officers, Reuters wrote. For the fiscal year ended June 30, 2012, endowments of more than $1 billion had the best returns, with a gain of 0.8 percent. The lowest rate of return was for endowments with assets between $51 million and $100 million, at a loss of 1.0 percent, the study showed.

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