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(TNS) — College and university endowments in 2023 reversed a historically poor showing from the previous year by posting investment returns approaching 8% that favored institutions with less wealth over
College and university endowments in 2023 reversed a historically poor showing from the previous year by posting investment returns approaching 8% that favored institutions with less wealth over peers with billions of dollars in holdings. The findings are from a study of nearly 700 institutions nationally that was released Thursday
Thanks to strong public equity markets, endowment returns bounced back after falling last year. But they’re still a long way from the sky-high returns of FY 2021. Endowment returns for fiscal year 2023 are up 7.7 percent according to the latest study by the National Association of College and University Business Officers and Commonfund. That marks a reversal of fortunes after returns fell by 8 percent in fiscal year 2022.
Ellie Peart, also known as Electra, has four young children aged between two and six years old
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