College endowments had a massive rebound in 2017, thanks to a stock market rally that followed President Trump’s surprise win, Bloomberg reported.
The rebound comes a year after 2016, when endowments experienced their worst year since the recession.
For college endowments with more than $500 million, the median investment gain was 13.3%, and for all endowments the median gain was 11.3%, according to Wilshire Trust Universe Comparison Service, which reports quarterly on endowments. Last year, all endowments lost a median .7%.
The portfolio earnings are a highly competitive venture, and the schools are closely watched, just like competitive Wall Street funds, with read more >>>