College endowments across the country are reporting substantial losses, and the University of Minnesota is no exception.
The Universityâ??s Consolidated Endowment Fund shrunk by 7.1 percent in the third quarter, and has declined 12.1 percent since September 2007, leaving just over a billion dollars in the fund. The third quarter includes July through September.
The University of Wisconsin Foundationâ??s President Andrew Wilcox and Chief Investment Officer David Erickson reported that their endowments had lost 12 percent by Sept. 30.