University endowment sees significant losses
By Samantha Koon | November 4, 2008The volatile economy apparently has hit the University?s investments hard, as the University of Virginia Investment Management Company recently reported a negative 11-percent return on the University?s endowment for the quarter that ended in September.?This ranks with only two previous years in the University?s history,? University spokesperson Carol Wood said, noting that in 1990, during the first Gulf War, the endowment reported a negative 10.2-percent return and during the stock market crash of 1987 it experienced a loss of 12.2 percent.