Wednesday, October 30,2002
Morning Showers High 68, Low 45 www.chronicle.duke.edu Vol. 98, No. 48
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Streaking Devils The volleyball team defeated the cellar-dwelling Virginia Cavaliers 3-1 for their sixth straight win. See page 13
THE INDEPENDENT DAILY AT DUKE UNIVERSITY
Duke loses SI7OM in net assets � Duke’s investment corporation saw a 3.8 percent loss on its longterm pool, in which money from
Duke’s endowment is invested. By KEVIN LEES The Chronicle
ANTHONYKANG/THE CHRONICLE
FRATERNITY INSIGNIA adorn the bridge near East Campus. Though bridge-painting may always be a tradition, fraternity members may be making fewer appearances in East Campus dorms as one of several possible changes to the rush process proposed by the IFC.
IFC proposes ending ‘dorm storming’ By MEGAN CARROLL The Chronicle
As the Interfratemity Council prepares to make changes in the recruitment process next week, it seems the days of “dorm storming”—when upperclassmen fraternity brothers swarmed East Campus to hand out personal invites for upcoming events during recruitment—are numbered. Instead of dorm storming, potential members will go to the Office of Fraternity and Sorority Life to pick up invitations. Other proposed changes include shortening the rush period, instituting alcohol-free dinner and event nights, mandating online sign-ups, offering two IFC presentations about fraternity life, and making Community Service Weekend the first weekend ofrush.
Inside
Ha,,oween
on Franklin Street may attract more than 50,000 people, police expect,, and officials will enforce security and traffic regulations. See page 3
Todd Adams, director of OFSL, said he initiated the discussion among IFC members about evaluating the recruitment process but left the details to them. “They worked very hard and looked concretely and intentionally at the process,” Adams said. “Sometimes it’s difficult to look inward.... That’s been one of the difficulties with our greek community.” IFC President and senior Jeremy Morgan said removing dorm storming was a security issue. “[lt’s unnecessary] that many upperclassmen guys [are] running around dorms when they’re really not supposed to be there,” he said. Senior Peter Liu, assistant vice president for recruitSee IFC CHANGES on page 9
Medical Center geneticists and reviewers may be able to receive online training in research ethics, after Duke received a federal grant funding this project. See page 4
For the second year in a row, the Duke University Management Company had a negative return. During the 2002 fiscal year that ended June 30, the University and the Health System lost $l7O million in assets. DUMAC, which invests the University’s $4.5 billion endowment and other assets, lost 3.8 percent of its long-term pool fund. The fund, which reached a high of almost $2.66 billion two years ago, ended the fiscal year around $2.37 billion, down from about $2.5 billion last year. “Like the year before, [fiscal year] 2002 was a challenge for long-term investors... to shield themselves from the turbulence in equity markets,” said
DUMAC President Thruston Morton in a statement to be released today. In a more long-term snapshot, the 10-year annualized return was 16.7 percent, the five-year return was 16.6 percent and the three-year return was 13.4 percent. The previous year, the five-year return was 21.4 percent and See DUMAC on page 10
The Durham Co-op Grocery offers an eclectic variety of vegetarian foods, but most importantly, customers say, a sense of community. See page 5