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Ivy League counts the cost as global markets deliver harsh lesson in investing

London Times, U.K.

February 9, 2010

They are the elite in more ways than one. Ivy League universities, fêted and idolised across the United States, have also been seen as being among the world's most successful investors, reaping rich rewards for their acumen. But not even the Ivy League has been immune from the global financial meltdown. Average annual returns of 15 per cent to 16 per cent on their investments in the two decades to 2008 were brought to an abrupt halt when the downturn wiped up to 30 per cent off their value.