ALA Long Term Investments

October 11, 2007

Market performance in September and the Fed rate cut in the middle of the month were both very good news for ALA’s long-term investment portfolio.  At the close of business on September 29, the unaudited value of ALA’s long-term investments stood at $31,432,147.  This number eclipses the previous high recorded on May 31, 2007 by $574,921.  The endowment’s value had dropped below $30,000,00 at the end of July.  This is a very nice turn around indeed!

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