Bowdoin College Named Non-Profit Investor of the Year
Story posted June 29, 2007
Bowdoin College has been named Non-Profit Investor of the Year by Alternative Investment News. The print and online news service held its 5th Annual Hedge Fund Industry Awards June 27, 2007, in New York, N.Y.
AIN commended Bowdoin College, saying its "commitment to hedge funds and alternative investing helped it go toe-to-toe in terms of performance against the famed multi-billion dollar university endowments in 2006."
AIN noted that last year, the College's $673 million endowment returned 18.1 percent, more than double the university endowment fund average and ahead of the 16.3 percent averaged by the 25 largest.
Senior Vice President for Investments Paula Volent was on hand to accept the award and is called by AIN "one of the savviest investors in the non-profit world," more impressive, it reports, for the fact that Bowdoin excels without the resources of a Harvard or Yale.
AIN provides information about private equity, pension and hedge funds, and the money managers that serve them.
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