Bloomberg reports that Wilshire Trust Universe Comparison Service data shows U.S. college endowments declined by a median of 10.2% before fees in the twelve months through June 2022. But the largest funds, with more than $500 million in assets, reported a gain just under 1.0%. And this is after a very strong positive median return of 27% for U.S. college endowments for the 12 months ending in June 2021.
Hat tip: TaxProf Blog.
Lloyd Mayer
