According to a report, the UVA endowment has begun to recover after months of significant losses.
In March, UVIMCO, a foundation charged with providing investment management services to the University, recorded a positive investment return of $78.3 million.
In April, returns netted $115.6 million for an overall value of $3.9 billion.
Prior to this, the UVA endowment suffered heavy losses: In the first quarter of the 2008 fiscal year the University’s multibillion dollar investments lost $600 million, or 11 percent.
By mid-October 2008, the policy benchmark had declined by another 20 percent.