UVIMCO Gains in May

The UVA Investment Management Company gained about $154.3M in May, to push the endowment just over $4B. Last year at this time, the endowment was worth over $5B.UVIMCO will release its Q2 report in about a month. The stock market has been going up lately (until Friday July 3; unemployment figures) basically on the idea of "less bad is better than horrible" (to paraphrase Barry Ritholtz). But