Endowments Across U.S. Search for Bargains After Brexit Tumult

  • ‘Best house in neighborhood is stocks,’ one manager says
  • Cash positions stemmed from concern over global downturn

Texas Christian University at Fort Worth, Texas.

Photographer: David Kozlowski/Moment Editorial via Getty Images

Some U.S. university endowments that were sitting on cash have become buyers following the global market plunge from Britain’s vote to exit the European Union.

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