November 28, 2008
U. of Virginia Takes Heat for Its Investment Strategy
The University of Virginia is being criticized by local newspapers and financial bloggers for an endowment-investment strategy that relies heavily on private-equity funds and similar kinds of so-called alternative investments.
On paper, the university's long-term investment pool dropped in value by nearly $1-billion, to $4.2-billion, from June 30 to October 31. And because it is committed to those kinds of investments, the university has said it may have to sell stocks at a loss to
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