University of North Carolina’s Endowment Posts 2% Decline
- Chapel Hill school’s endowment value declined to $2.8 billion
- Funds with more than $500 million lost 0.73% in fiscal 2016
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The University of North Carolina at Chapel Hill’s endowment lost 2 percent in fiscal 2016, a year in which many endowments are expected to post investment losses.
The Chapel Hill Foundation Investment Fund Inc.’s money is managed through the UNC Investment Fund, which had the same decline. The UNC Investment Fund manages funds for other schools in the UNC system and affiliated endowments. After investment returns, donations and withdrawals, both funds declined in value in the year ended June 30, said Janine Vanzetta Burke, director of investor relations for UNC Management Co., based in Chapel Hill, North Carolina.