Thursday, February 4, 2010

University Endowment Losses

CNBC had a list of the Largest 2009 Endowment Losses (out of the 250 largest universities):

15. Principia College: -28% ($206 MM)

14. Univesity of St. Thomas : -28.16% ($98.8 MM)

13. Florida State Univesity: -28.22% ($161 MM)

12. Yale Univesrity: -28.6% ($6.5 B)

11. Fuller Theological Seminary: -29.1% ($123 MM)

10. Carnegie Mellon: -29.4% ($313 MM)

9. Harvard Univesity: -29.8% ($10.9 B)

8. Farnklin W. Olin College: -30% ($141 MM)

7. Bates College: -31.2% ($83 MM)

6. Samford University: -31.22% ($96 MM)

5. Ithaca College: -31.7% ($75 MM)

4. Regent Univesrity: -31.9% ($87 MM)

3. Baylor College of Medicine: -33% ($360 MM)

2. Syracuse University: -33.2% ($327 MM)

1. Haverford College: -35.5% ($185 MM)


As a Portfolio Manager, this makes me feel good about what we are doing. In 2009, we had a great market rally, and even the smartest of people predicted it was going the other way. In 2009, none of our portfolios that we run lost money, yet these teams were losing 1/3 of theirs.

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