NUS's net investment losses came to $677 million, according to its recently published annual report, out of combined accumulated surplus and endowment funds of $3.15 billion. SMU last month reported a loss in its endowment fund but its funds have recovered 18 per cent since. NTU has yet to report financial numbers but said its $900 million endowment was ?similarly negatively affected by the decline in the financial markets.?
The Business Times