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March 2005 |
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E Line |
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Features Making the Grade in Room 33G  Due Diligence Departments
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Endowment rises by 21.4 percent Northeastern's endowment jumped a healthy 21.4 percent in fiscal year 2004, from $410.7 million to $498.5 million, lifting the university to the 99th spot in a ranking of 741 U.S. colleges and universities by the Chronicle of Higher Education. "We're very pleased," says Larry Mucciolo, senior vice president for administration and finance, adding that endowment increases from July to December 2004 have also been "pretty good." The previous year, Northeastern placed 104th out of 717 colleges and universities ranked by the Chronicle. In related financial news, the university-which had considered hiring a chief investment officer-has instead hired Boston-based Cambridge Associates to manage its investments. |
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