A recently released report (PDF) from Commonfund and the National Association of College and University Business Officers showed that endowment investments yielded an average 11.9 percent return this fiscal year, a healthy increase from last year's dismal average of -18.7 percent. Commonfund CEO and President Verne Sedlacek told On Wall Street that although things appear to be looking up for colleges and universities, the return to pre-recession levels will take "three or four years of good markets."
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