$1.3 billion down the tubes
The University of Toronto’s aggressive investment policies have come under fire after its $5.5-billion endowment and pension fund posted a 30 per cent shrinkage for 2008. The university announced a $1.3-billion loss on its assets on Tuesday—a 29.5 per cent drop in pension funds and 29.4 per cent in endowments. The losses are worse than […]