Endowment Officially Drops 30%
While all signs had already pointed in the direction of a 30% loss for Princeton’s endowment this year, an e-mail from Princeton University President Shirley Tilghman, sent this morning, made the news official.
Posts Tagged ‘endowment’
“Frightening” Investment Strategies Hit Harvard
By Sebastian Jones
WPRB News
The Harvard Crimson published a very interesting story a few days ago about Iris Mack, an analyst at the Harvard Management Company who brought attention to “frightening” trades involving derivatives via e-mails to the office of the university’s then-president, Larry Summers. Like many other whistleblowers, Mack was promptly fired:
In an e-mail sent [...]
Princeton Endowment Drops
By Sebastian Jones
WPRB News
This morning Shirley Tilghman, the President of Princeton University, sent an e-mail to students and staff with an “update on Princeton’s response to the economic downturn”, spelling out some of the losses the university’s endowment has suffered.
According to Tilghman, by late October, “the University’s endowment had declined by 11%, based upon our [...]
