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Capital Campaign | Some money raised in campaign will finance eastward expansion

(10/19/07 5:00am)

With tomorrow's launch of the long-anticipated public phase of the University's capital campaign following the acquisition of 24 acres of postal lands this summer, it seems like the stars are aligning for Penn. Is it possible that the timing is nothing but a coincidence? Actually, yes, says Executive Vice President Craig Carnaroli: The two projects were developed apart from each other, but they managed to fit together quite nicely.

With wiring from the '40s, electrical system upgraded update

(10/04/07 5:00am)

With official approval for funding from the Board of Trustees, Penn is ready to bring a seventy-year-old electrical system into the 21st century. With electrical voltage in some of its buildings dating back to the 1930s and '40s, the second phase of construction on Penn's electrical infrastructure will include replacing electrical cable and making electricity distribution more reliable.

University Finances: Penn's finance strategies mirror top competitors'

(09/25/07 5:00am)

Outside financial experts agree: Penn's Office of Investments is certainly on the right track. The University's endowment returned 20.2 percent growth on its investments this past fiscal year, bringing the grand total to $6.6 billion. This positive growth reflects strategies that Penn's prime competitors, Harvard and Yale universities, have been using for years: an emphasis on international equities and a slow increase in alternative investments.

Q & A: The woman behind Penn's money

(09/17/07 5:00am)

While Penn's $6 billion endowment may not be as huge as those of financial giants Harvard and Yale universities, it's safe to say that the University is doing its best to catch up. With the data on returns on Penn's endowment investments for the fiscal year to be released later this week, The Daily Pennsylvanian sat down with the woman behind the numbers, Chief Investments Officer Kristin Gilbertson.