Universities' millions in Iceland — BBC NEWS | Education October 17, 2008
Posted by Jonathan Hewett in : delicious links , trackbackDemise of Icelandic banks hits some UK universities. Any more to follow? Best not to think about their pension funds at the moment…
"Universities' secretary John Denham said a total of 12 English universities had £77m at stake though none of the institutions was in jeopardy.
Oxford University and its colleges have £30m – or 5% of their overall cash deposits – invested in three of the troubled banks or subsidiaries. Cambridge faces losses of £11m…
On Wednesday it emerged that three Welsh universities had £8.1m at risk…
Manchester Metropolitan University said it was hopeful it would get back the £10m it had invested…
The University of Manchester said it had £5m of its general investments in the banks…
The Open University said it had invested £6.5m in UK subsidiaries with the Icelandic banks."
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