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September 19, 2009, 12:01 PM ET
U. of Texas System's Endowment Drops by Nearly 15 Pct.
The endowment that benefits the University of Texas and Texas A&M University systems lost $2.6-billion last year, dropping from $17.8-billion to $15.2-billion, according to The Austin American-Statesman. For the two university systems, the good news is that the endowment—overseen by the University of Texas Investment Management Company—outperformed those of other wealthy institutions.
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