U of penn, while i was there (93-98) , began to invest in "funky, upscale" (ie, not for non-ivy west philly) shopping malls.. apparently with endowment money, as private investors didn't like the expected returns. wonder how much that is to blame for penn's performance.
gr at luminousvoid.net http://www.luminousvoid.net
On Tue, 19 Jun 2001, Michael Perelman wrote:
> Didn't the Chron have an article saying that the biggies had been heavily
> investing in very speculative portfolios.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
>