From KEYE, October 31, 2008...
The University of Texas at Austin endowment has declined by nearly $1 billion this year as a result of the turmoil in worldwide financial markets.
The university's share of the Permanent University Fund, plus its other endowment holdings, stood at $7 billion at the start of the year. By the end of September, the value had declined by nearly 13 percent to $6.1 billion.
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Friday, October 31, 2008
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