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Endowment “Shrinks” in “Cold” Economy

EVANSTON—Frigid economic conditions have shrunk the size of Northwestern’s endowment, according to new reports from President Bienen’s office. University spokesman Steven Westerstein released a statement yesterday downplaying the so-called “shrinkage” effect on NU’s performance. “We here at Northwestern University have always felt that it’s not about the size of the endowment, but how you use it that really matters. Besides, it’s not like our endowment is that small. At least we’re still bigger than Wash U.” Northwestern student reactions were