November 2, 2006

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DA Election

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"The OC'faces "Grey's Anatomy" in a primetime battle, INSIDE W-k S

M Basketball

Incumbent Mike Nifong sets out to keep his DA seat, PAGE 3

Duke starts its season against Shaw U. in an exhibition, PAGE 9

The Chronicle f

THURSDAY, NOVEMBER 2, 2006

THE INDEPENDENT DAILY AT DUKE UNIVERSITY

ONE HUNDRED AND SECOND YEAR ISSUE m

Blue Devils advance to ACC semis Early admit Taylor Field THE CHRONICLE

by

The No. 9 Blue Devils got their heads in the game Wednesday, scoring two header goals to defeat N.C. State, 2-1, in the quarterfinals of the ACC Championships in Germantown, Md. Duke (14-3-1) notched its first goal just under 22 minutes into the contest. Sophomore Mike Grella passed the ball back to Darrius Barnes N.CSTATE _L along the right DUKE 2 sideline, and the defender crossed the ball into the box, where senior captain Chris Loftus connected with a header into the lower left side of the net. “It was a great ball by Darrins,” Loftus said. “He served a perfect ball. It went right over the guy’s head who was guarding me, and I was just able to hit it near post past the goalie.” The Blue Devils battled a competitive Wolfpack (6-10-1) squad that was in a win-at-all-costs mentality, since a loss would eliminate the team not only from the tournament but also from a chance at an NCAA bid. “They had to win this,” Duke head coach John Rennie said. “They really put everyinto to it. To win a e like that is always very, very hard.” Duke controlled the first half, outshootN.C. State, 11-5, tallying five corkicks to the Wolfzero. .econd half startlip-up by the Blue :ver, when N.C.

stats remain on ’O5 pace WOJCIECHOWSKA

BY IZA THE CHRONICLE

As the final early applications stream in from high school seniors across the country who strove to meet the Nov. 1 deadline, Dean of Undergraduate Admissions Christoph Guttentag said preliminary application numbers are meeting expectations.

SCOTT

BALES/YELLOW CARD JOURNALISM

The Blue Devils embrace Chris Loftus after his first-half goal put Duke up, 1-0,Wednesday afternoon. State’s El-Hadj Cisse pounced on a scoring opportunity just 12 seconds into the period. The junior forward received a pass in the box and went one-on-one with goalie Justin Papadakis, ripping a shot to the left side of the net past the keeper to even the score. “We just were not ready on the kickoff,” Rennie said. “We were not ready and

made a couple of mistakes, and they took advantage ofit.” With 31 minutes of play remaining, Duke regained the lead on yet another header, this time from junior Michael Videira. The midfielder scored his goal off one of his six shots of the game. SEE M. SOCCER ON PAGE 12

DUMAC shows Duke the money

Despite the recent lacrosse scandal and Duke’s transition to using only the Common Application, Guttentag said he anticipates the number of early applications to be similar to that of last year’s. Though the Office of Undergraduate Admissions is confident in the strength of the applicant pool, some administrators said the University nonetheless has reservations about this year’s admissions. “We have a little anxiety whether or how the lacrosse events will affect early applications,” Provost Peter Lange said. Guttentag noted, however, that the incident has not significantly changed prospective students’ opinions. “I think people may wonder whether all the news about Duke will have any significant effect on the student body, and I simply don’t think that will be the case,” he said. “What I hear from my staff traveling around the country, when they talk to students and when they talk with guidance SEE EARLY ADMITS ON PAGE 6

Firm’s aggressive investment strategy evaded hedge fundfall, brought endowment to top ofcollege ranks by

Katherine Macllwaine THE CHRONICLE

If global hedge fund Amaranth’s collapse had occurred in April rather than September, Duke would have been among the investors watching $6 billion

Duke E.V.P.Tallman Trask called the performance of Duke's investment company "remarkable."

go up in smoke. But thanks to careful monitoring of the hedge fund and canny foresight on the part ofDuke Management Company, the University managed to escape unscathed, DUMAC officials confirmed. Duke’s initial 2003 investment of $2O million in the Connecticut-based hedge grew to a peak of $B5 million. But in June 2005, DUMAC financial managers began to liquidate the school’s assets in

Amaranth, receiving the last installment of the proceeds in May 2006—-just months before the hedge fund’s crash. Avoiding the Amaranth disaster is just the latest example of the success DUMAC has enjoyed since its inception in 1990 as the independendy owned management firm that handles Duke’s investments. DUMAC is responsible for investing $7.5 billion in long-term holdings, such as the University’s endowment and employee pension funds. During the past 10 years, the Duke endowment’s rate of investment return has been the second highest in the country among institutions SEE DUMAC ON PAGE 5

SARA GUERERRO/THE CHRONICLE

Although summer tour numbers fell, Admissions predicts similar earlyapplication stats to past years.


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