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Alternative Market Briefing

As US college endowments slipped -23% from June to November 2008, Brandeis University is to sell artwork collection
Wednesday, January 28, 2009

The Opalesque Team: In a report released by the National Association of College and University Business Officers (NACUBO) and $398bln investor TIAA-CREF, the first effects of the financial crisis on the US college endowments are clear as the 796 US and Canadian endowments participating in the study reported an average -23% loss between June and November 2008.

The endowment report was released as Brandeis University announced the closing of its art museum and the sale of pieces by such noted artists as Andy Warhol and Willem de Ko......................

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