Duke University joined other colleges across the country on a list it would have preferred to avoid: academic institutions whose endowments have been rocked by the recession.
Duke's endowment lost 24.3 percent of its value for the year that ended June 30, reports our brother blog, Campus Notes. The endowment has returned an average of 10 percent a year for the past decade.
Duke, like major research institutions across the nation, was hit hard by turmoil on Wall Street. The endowment is now worth $4.4 billion.
Assistant Business Editor Alan M. Wolf joined the N&O in 1999 covering the business of health care. He became an editor in 2001, and helps oversee the paper's daily business coverage and Sunday Work&Money section. He lives in Clayton with his wife and two children. Reach him at 919-829-4572 or 
