Skip to comments.Cornell Sees Second Lowest Endowment Returns Among Ivy Schools
Posted on 11/09/2012 7:06:04 AM PST by Behind Liberal Lines
After seeing two consecutive years of double-digit growth, Cornells endowment return took a nosedive in the 2011-12 fiscal year, just breaking even with a 0.14 percent gain, the University reported Wednesday....
In explaining its financial performance, the University has cited turbulence in the economy: slowing growth in China, financial crisis in Europe and an impending fiscal cliff in the U.S.
While traditional measures of volatility are at historically low levels, it would be an error in judgment to think that all is well and there is nowhere to go but up, [Chief Investment Officer A.J. Edwards] said at the end of the fiscal year.
(Excerpt) Read more at cornellsun.com ...
She's moved on, now she's working on an organic farm. Four years at Cornell runs about $210,000. Gonna have to grow a hell of a lot of onions to pay that back!
Haha.. too bad soooo sad, for them. Tears.. sniff.. sniff..
Maybe they can balance their budgets by doing a layoff of some of their brilliant liberal professors.