Penn endowment beats S&P but trails bigger Ivies amid U.S. credit crisis
The University of Pennyslvania has fewer private-equity investments than Harvard, Yale or Princeton, and blames that lack for underperforming the other Ivy funds in the year ended June 30. But Penn's lack may end up helping the school if the private-investment markets collapse, as some expect.
The University of Pennyslvania has fewer private-equity investments than Harvard, Yale or Princeton, and says that's why it underperformed the larger Ivy League endowment funds (while still beating the S&P 500) in the year ended June 30. But it's possible Penn's proportionately small focus on private investments may end up helping the school if those markets collapse, as some industry pros expect.
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