Monday, January 12, 2009

Weak stock market affects UTPA endowments | university, texas, endowments - Local - Brownsville Herald

Weak stock market affects UTPA endowments | university, texas, endowments - Local - Brownsville Herald: "EDINBURG - The University of Texas-Pan American's endowments are not immune to the effects of the stock market crash.

The university hasn't seen the huge value plunges of other institutions - especially private ones.

But funds managed for it by the University of Texas Investment Management Corporation and its own separate endowment each have seen value decreases of about 22 percent over the last fiscal year."

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