Hi Jeff,

> Harvard says it took cash hit on investments
> Harvard says it lost $1.8 billion in cash investments, on top of
> endowment loss

I don't know of any business that didn't get hit within the last year or 
two, including the university where I am employed.  Although, generally 
speaking - state run institutions did better than private ones if not for 
any other reason than state run institutions generally invest more 
conservativily.

Shannon 

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