LJ World: KU Endowment’s losses for fiscal year estimated at 20 percent

LJ World:

A wicked year on Wall Street has caused the Kansas University Endowment Association to post it largest investment losses in recent memory.

As leaders of the Endowment Association on Tuesday closed the books on the organization’s fiscal year, they said the association’s return on investments likely will be in the negative 20 percent range when the final accounting is completed later this year.

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