The largest endowments in the world have considerable wealth, boasting multi-billion dollar reserves they continue to reinvest.
However, it may come as a surprise that last year, the smallest endowment funds outperformed the largest, James B. Stewart at The New York Times reported.
Citing results released by The National Association of College and University Business Officers and the Commonfund Institute, the Times noted that endowment funds with $1 billion or more lost an average of 1.9% for fiscal year 2016. Those with $500 million to $1 billion lost an average of 2.2%.
But endowments with less than $25 million lost read more >>>