After an explosive year for university endowment returns, those funds and other financial assets donated to academic institutions have tanked. Preliminary figures from Cambridge Associates, an investment firm that works with institutional investors, show that, for the fiscal year ending on June 30, there was a median 7.8% loss in university endowment returns, the biggest dip since 2009, according to The Wall Street Journal. Investment advisory firm Wilshire Trust Universe Comparison Service estimated the median loss was as high as 10.59%.
