U of M's endowment posts 20 percent return

The university's $2.5 billion portfolio did very well in the last fiscal year.

September 16, 2014 at 10:59PM

Bloomberg's Michael McDonald and Lauren Streib report:

Mason told Bloomberg the endowment benefited from a shift into more diversified investments beginning in 2004, recently cut its exposure to hedge funds, and is enjoying huge returns on its venture capital investments.

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