College endowment funds saw double-digit returns this year, but many are still just treading water over the past decade.
Endowments saw average market returns of 15.8 percent in the 2014 budget year, according to preliminary findings of a survey by Commonfund and the National Association of College and University Business Officers.
This makes the second year in a row that endowment fund managers have managed double-digit returns. Last year, investment returns were 11.7 percent. Two years ago, market returns were negative, and only six years ago, the recession and related economic crisis caused major losses for some funds.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2014/11/04/college-endowments-see-double-digit-returns-second-year-row