{"id":1115,"date":"2003-09-17T00:00:00","date_gmt":"2003-09-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"university-endowments-back-in-black","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2003\/university-endowments-back-in-black.html","title":{"rendered":"University Endowments&#8217; Back in Black"},"content":{"rendered":"<p>NEW YORK (AP) &#8211; U.S. university endowments produced positive investment returns in the last school year as they shifted more money into a rising stock market, according to a survey released Wednesdayby the Commonfund Institute.<\/p>\n<p>  Commonfund, a Wilton, Conn., investment firm that caters to nonprofit institutions, said 122 university endowments polled via the Internet produced an average investment return of 2.9 percent in  the fiscal year ended June 30.<\/p>\n<p>  By comparison, institutions polled in last year&#8217;s survey had an investment loss of 5.4 percent for fiscal 2002, on average.<\/p>\n<p>  &#8220;The endowments of U.S. educational institutions have turned the corner&#8221; in terms of investment returns, said Commonfund Executive Director John Griswold.<\/p>\n<p>  Rising stock prices prompted many endowments to move money out of hedge funds and other alternative investments that helped them weather the bear market and back into domestic equities.<\/p>\n<p>  The average respondent&#8217;s exposure to U.S. stocks rose modestly to 50 percent from 47 percent of total assets, while allocations to alternative investments fell to 11 percent from 15 percent, on  average.<\/p>\n<p>  The percentage of assets endowments allocated to fixed income and foreign stocks were essentially unchanged on the year at 29 percent and 10 percent, respectively.<\/p>\n<p>  More than half of respondents changed their allocations in the past year, compared with just under a third in the previous years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (AP) &#8211; U.S. university endowments produced positive investment returns in the last school year as they shifted more money into a rising stock market, according to a survey released Wednesdayby the Commonfund Institute. Commonfund, a Wilton, Conn., investment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1115","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/1115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=1115"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/1115\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=1115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=1115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=1115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}