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HoyaTalk :: General :: 37th and O :: Endowment news Author Topic: Endowment news (Read 801 times) blackbird1384 Member member is offline Joined: Dec 2007 Gender: Male Posts: 6 Endowment news « Thread Started on Nov 16, 2008, 1:54am » Anyone care to make sense of all this for me? I was never one for matters of money and finances. It seems as though the endowment was hit, but things are looking "OK" for now. http://explore.georgetown.edu/news/?ID=37956&PageTemplateID=289 Link to Post - Back to Top   Logged jgalt Diamond Hoya member is offline Joined: Sept 2007 Gender: Male Posts: 2,934 Re: Endowment news « Reply #1 on Nov 16, 2008, 3:21pm » The way i read it: the fund has lost 12.5% of its value since last year. They are trying to lessen the impact by claiming that since it started the fund has increased 7 or so percent a year, but that is misleading because of how the markets have changed. It isnt good that the fund is now under 1bil. Link to Post - Back to Top   Logged "And yet another Hoyatalk discussion derailed by a debate over topography."- strummer85 fsohoya Silver Hoya member is offline Joined: Mar 2005 Posts: 583 Re: Endowment news « Reply #2 on Nov 16, 2008, 3:54pm » It is never good to lose money, but very few schools, if any, are going to emerge from the current economic woes unscathed. Link to Post - Back to Top   Logged "You know, with the exception of one deadly and unpredictable midget, this girl is the smallest cargo I've ever had to transport, yet by far the most troublesome. Does that seem right to you?" HoyaOnBothSides Century member is offline Joined: Jan 2004 Gender: Male Posts: 122 Re: Endowment news « Reply #3 on Nov 16, 2008, 9:57pm » This probably doesn't bode well - the number was as of September 30. October was a terrible month in all global markets, as well as an especially terrible month (amongst the worst ever) for alternatives and commodities. Who knows what kind of loss assumptions they are including on their private equity investments. I am hopefull Georgetown is able to outperform its peers, but current losses are more than likely substantially worse than what was reported in this update. Link to Post - Back to Top   Logged My daughter's sick, my wife is sick and now you're talking about coupon - what kind of business is this? blackbird1384 Member member is offline Joined: Dec 2007 Gender: Male Posts: 6 Re: Endowment news « Reply #4 on Nov 16, 2008, 11:32pm » Well, Georgetown managed to get by with an endowment under the $1 Billion mark for quite a while, and not too shabbily. « Last Edit: Nov 16, 2008, 11:37pm by blackbird1384 » Link to Post - Back to Top   Logged jester Century member is offline Joined: Apr 2007 Posts: 175 Re: Endowment news « Reply #5 on Dec 3, 2008, 9:59am » Excerpt from the Crimson...doubt GU will be much better off... Harvard Endowment Fell 22 Percent in Four Months Decline dwarfs University's previous worst single-year loss Harvard Crimson Published On Tuesday, December 02, 2008 11:41 PM Harvard’s endowment—the largest in higher education—fell 22 percent in four months from its June 30 value of $36.9 billion, marking the endowment’s largest decline in modern history, University officials announced yesterday. The precipitous drop will require Harvard’s faculties to take a “hard look at hiring, staffing levels, and compensation,” wrote University President Drew G. Faust and Executive Vice President Edward C. Forst ’82 in a letter informing the deans of Harvard’s losses.... The decline, which amounts to more than $8 billion, is larger than the endowments of all but four other universities—Yale, Princeton, Stanford, and MIT. In the same period, the S&P 500 fell 24.6 percent. The index has fallen an additional 12.4 percent since then. The estimate of 22 percent may not fully capture the actual losses from this period, Forst said in an interview yesterday, as some of Harvard’s money is invested with external managers that have yet to report their latest figures. Faust and Forst wrote in yesterday’s letter that the University should plan for a 30 percent drop-off in endowment value for the year ending June 30, 2009. The news comes during the worst economic turmoil in decades. University endowments across the country have begun announcing unprecedented losses and instituting hiring or construction freezes in an effort to save funds. The Faculty of Arts and Sciences placed a freeze on staff hiring last week, following a cautionary letter from Faust a month earlier that warned of cutbacks ahead. .... Yesterday’s figure dwarfs Harvard’s worst single-year endowment loss of 12.2 percent in 1974. The endowment has clocked only three years of negative returns, all under three percent, in the subsequent three decades. Forst said University leaders have delayed setting the endowment payout rate for the next fiscal year—a figure generally announced the December before—until Harvard’s schools can reevaluate their budgets. “Given the extreme volatility in the markets, I don’t expect [the payout rate] will be set until we have a much more concrete sense about financial plans and endowment performance,” Forst said. .... Link to Post - Back to Top   Logged thebin Golden Hoya member is offline Joined: Jan 2004 Gender: Male Posts: 1,964 Location: NJ Re: Endowment news « Reply #6 on Dec 15, 2008, 11:39am » I think those losses represent an outstanding job by our team in relation to the market. Link to Post - Back to Top   Logged "Its going to be years before they find another place to put cheese on a pizza." FewFAC Golden Hoya member is offline GewirzParanoia Joined: Mar 2007 Gender: Male Posts: 1,030 Location: San Diego, soon to be Hawaii! Re: Endowment news « Reply #7 on Dec 15, 2008, 3:05pm » Look for Harvard's number to get worse when the final math comes in on liquidating limited partnerships to avoid cap calls. This is a situation where, as Chris Wright put it, biggest wasn't necessarily best. Link to Post - Back to Top   Logged DC chillin', PG chillin' thebin Golden Hoya member is offline Joined: Jan 2004 Gender: Male Posts: 1,964 Location: NJ Re: Endowment news « Reply #8 on Dec 17, 2008, 9:48am » Yale's down 25%. http://news.yahoo.com/s/ap/20081216/ap_on_re_us/yale_endowment_2 Link to Post - Back to Top   Logged "Its going to be years before they find another place to put cheese on a pizza." Jack Diamond Hoya member is offline Passing out? Cursing? On St. Patrick's Day? Is nothing sacred? Joined: Jan 2004 Gender: Male Posts: 2,884 Location: Hub of the Sports Universe Re: Endowment news « Reply #9 on Dec 17, 2008, 11:39am » Please tell me GU did not "invest" with Madoff (as Yeshiva, among others, apparently did). Link to Post - Back to Top   Logged Be more constructive with your feedback... please. "Knowledge is knowing a tomato is a fruit; wisdom is knowing not to put it in a fruit salad." -BO'D Forum Jump--------------------» Home--------------------» General--------------------- HoyaTalk --- Recruiting --- Video Board- Football Board- Georgetown Sports- Pro & College Sports- Hoya Blue/Suggestion Box- 37th and O- Blue & Gray Board- Message Board News & Rules

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