College Endowments Are Rebounding
- Median gain was 4.4% in six months to Dec. 31, Wilshire says
- Some funds consider cutting spending after lagging performance
QuickTake: University Endowments Under Fire
This article is for subscribers only.
U.S. university endowment performance picked up after losses in 2016 forced some schools to spend more than they earned and consider cutting back.
Endowments of all sizes gained a median 4.4 percent in the six months through Dec. 31, according to Wilshire Trust Universe Comparison Service. Schools said equities contributed to the boost in performance, a move that may be short-lived as stocks turn choppy. The MSCI All-Country World Index rose 6.8 percent in the period, including reinvested dividends.