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FDCU Portfolio Assets Touch $57M

Florida Gulf Coast University’s portfolio, which mainly consists of its endowment, has reached $57.1 million in assets.

Florida Gulf Coast University’s (FGCU) portfolio, which mainly consists of its endowment, has reached $57.1 million in assets, The News-Press reports. The rise in assets is due to new donations.

The endowment funds scholarships, professorships and special programs at the university. FGCU’s portfolio returned about 18.3% in 2010-11, while in 2009 it returned 10.6%.

Click here for the story from The News-Press.

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