Not Good News

MiPerson80
Fri, 30 Jan 2009 11:50:44 +0000

also, everyone know that schools could on using 4-5% of their endowment for a rolling 3 year average every year, so an $800M loss could be $32M to $40M cut for the upcoming year, we have to assume the stock market will be down for the next 2 years and these endowments got into a lot of illiquid investments, so the drop could be a lot worse than the $800M.