<p>Going to be a rocky couple of years.</p>
<p>Bloomberg.com:</a> Worldwide</p>
<p>From Higher Ed</p>
<p>"The value of the University of Virginia’s endowment fell by about $600 million, or 11 percent, in the fiscal quarter that ended September 30, and had dropped by an additional $600 million, or 20 percent, in the first half of October, The Cavalier Daily and The Richmond Times-Dispatch reported. The newspaper accounts, citing a report by the University of Virginia Investment Management Company, said that the decline in the quarter ended September 30 was the biggest ever in actual dollars, and matched in percentage only by drops in 1990 and 1987. The Daily Texan reported that the combined investments of the University of Texas System had dropped by $1.6 billion in the month of September alone. "</p>