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Miami in Top 20 for Endowment Return
OXFORD, Ohio -- Miami University ranks among the top 20 of the
nation's colleges and universities for the rate of return on its
The university earned 27 percent for the year that ended June 30, 1997,
bringing the value of its investment portfolio to more than $155 million.
A preliminary report by the National Association of College and University
Business Officers (NACUBO) listed Miami as 19th best performer out of 375
colleges and universities surveyed.
"We're pleased that the university has positioned itself to reap the
benefits of the bull market," said Edward J. Demske, senior vice president for
finance and university services.
"But more important than the one-year performance is the fact that
according to the NACUBO survey, Miami's performance for one, three and five
years places us in the top 10 percent of the institutions surveyed," he said.
The strong endowment performance will have a long lasting impact
on support of scholarships and other education programs, according to Demske.
"We've been fortunate to have had a number of Miami alumni who have given
their time and energy serving on the Investment Committee and as trustees of
the Miami University Foundation," he said.
These volunteers have helped design the university's asset allocation
program and have assisted in selecting and monitoring the performance of the
university's investment managers, Demske said.