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. Â At the close of business on September 29, the unaudited value of ALA’s long-term investments stood at $31,432,147. Â This number eclipses the previous high recorded on May 31, 2007 by $574,921. Â The endowment’s value had dropped below $30,000,00 at the end of July. Â This is a very nice turn around indeed!