
Newsmakers
Endowment Index Falls Over 6% in First Quarter
Private equity and emerging market investments weigh down the portfolio, offsetting gains by oil and gas and commodities.
Strong equity markets helped index outperform benchmark 60/40 index.
China helps index rebound sharply from previous year’s 9% decline.
Index falls 0.41% during quarter, while S&P 500 gains 3.43%.
Tracking portfolio reverses last year’s gains after surging in January.
Index reports highest returns in eight years.