The Chronicle Duke may sell some private equity assets by
Julia Love
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BOILERMAKER BEATDOWN Singler keeps Duke perfect in Challenge
THE CHRONICLE
Duke is considering the sale ofsome ofits private-equity holdings, Executive Vice President Tallman Trask confirmed Tuesday, joining a host of elite universities adjusting their portfolios to cope with volatile markets. Columbia University, Harvard University and the University of Virginia are among a crop of institutions seeking to withdraw from the alternative investments—private equity, real estate partnerships, venture capital, commodities and hedge funds—that have been widely sought after by universities over the past few years, The New York Times reported Nov. 26. Despite the market turmoil, this is not the first time Duke has sold some of its privateequity holdings, Trask wrote in an e-mail. He added that the value of the assets Duke sells may fall in the $2OO million range, as reported by The Times, but noted that the size of the sale will depend on the final market price. Duke’s endowment stood at roughly $7.7 billion according to a report from The Chronicle Oct. 1. “It’s certainly not chump change,” said Connel Fullenkamp' associate professor of economics. “But Duke’s endowment is quite large, and when you have a large asset portfolio you end up making large transactions.”
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Tim Britton
THE CHRONICLE
WEST LAFAYETTE, Ind. Kyle Singler and Jon Scheyer had 20 points apiece as No. 4 Duke easily handled ninth-ranked Purdue, 76-60, in its first road game of the season Tuesday night at Mackey Arena. With the win, the Blue Devils improved to 104) all-time in the ACC/Big Ten Challenge. “For us, getting a test like this early on the season on the road—this was a good thing for us,” Scheyer said. “We knew we were going to get Purdue’s best shot coming off a loss, and they’re a very good team.... We knew coming on the road like this, a good start was really important.” Duke (8-0) got that good start, jumping out to a 7-0 lead from which Purdue never really recovered. The Boilermakers (5-2) looked skittish early on the offensive end, turning the ball over four times and missing two layups before the first media timeout. The Blue Devils took advantage by building a double-digit lead midway through the half that Purdue never cut below eight the rest of the contest. ALEX JOHNSON/THEEXPONENT
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Kyle Singler scored 20points as Duke remained unbeaten in the ACC/Big Ten Challenge Tuesday at Purdue.
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GPSC
Cline enters job GPSC toasts its national award as first elected DA since Nifong by
William Hyung THE CHRONICLE
As long as Tracey Cline prevents her name from becoming a verb, she will have done a better job avoiding negative attention than former Durham district attorney Mike Nifong. Cline emerged from a crowded Democratic field vying for the district attorney post to capture a primary victory in May. She was officially elected Nov. 4 after running unopposed in the general election. Her victory makes her the first popularly elected DA in Durham County since Nifong was disbarred. David Saacks was appointed as
The Graduate and Professional Student Council and University administrators gathered to celebrate the group’s Graduate and Professional Student Organization of the Year Award Tuesday evening in the Westbrook Building of the Divinity School. GPSC received the award Nov. 1 at a national conference for the National Association of Graduate-Professional Students, held at the University of Minnesota. President Richard Brodhead, Provost Peter Lange and Jacqueline Looney, senior associate dean for graduate programs, joined in honoring the group for its achievements. The award is given by NAGPS for outstanding service ofits community at the local and national level. GPSC has sent at least one representative to the National Conference for the last three years. In February, four people participated in the Legislative Action Days in Washington, D.C., where they met with legislators to discuss pertinent higher education issues. GPSC also has two board members who serve on
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Will Robinson THE CHRONICLE
ZACHARY TRACER/THE CHRONICLE
ProvostPeter Lange speaks at a GPSC award reception Tuesday. The group received an award from NAGPS Nov. 1 for itslocal and nationalservice.
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