Word: year
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Dates: during 2000-2009
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...think we’ll be in the hunt for it next year,” he said...
...light of the investment losses suffered by the nation’s wealthiest universities this past year, schools with large endowments should adopt more conservative investment strategies, Tufts University President Lawrence S. Bacow said in an interview with Bloomberg News last week...
Harvard’s endowment—which funded 38 percent of the University’s operating budget in 2009—fell from $37 billion to $26 billion this past year. Harvard and its peer institutions have been criticized for their investment strategies, which rely heavily on hedge funds, private equity firms, and illiquid assets...
According to Bloomberg, the value of Tufts’ endowment fell by 25 percent this past fiscal year, from roughly $1.5 billion to $1.1 billion, after accounting for gifts and payout. Bacow suggested in the article that Tufts would avoid putting money in hedge funds, which he compared to “black boxes,” requiring investors to relinquish control of assets and put their trust in external managers...
Among the changes discussed in the report was the possibility of closing departmental libraries within Widener and uniting those holdings into the larger library collection. But doing so would be “a tragedy,” said Andrew C. Johnston, a fourth-year graduate student in classics...