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Penn fund lost, but other Ivies lost more

Philadelphia Inquirer – The University of Pennsylvania’s endowment fund lost a lot less than other big Ivy League schools during the grim financial year ended June 30.

That’s a switch for the better at the West Philadelphia campus of the city’s biggest private employer, which trailed its peers during the financial-asset inflation of the mid-2000s.

Penn had ranked last among the 25 largest university endowments in the year ended June 30, 2008, with a 6 percent decline, according to the yearly performance numbers posted by the National Association of College and University Business Administrators.

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