September 29, 2014

Page 1

PARTLY CLOUDY HIGH 61° LOW 45°

U OF M

MINNEAPOLIS

MONDAY

ST PAUL

SEPTEMBER 29, 2014

ONLINE EXCLUSIVES AT MNDAILY.COM

The jug returns Minnesota DEFEATED MICHIGAN 30-14 TO RECLAIM A RIVALRY TROPHY.

sTORY BY JACK SATZINGER + pHOTOS BY aMANDA SNYDER

W aNN

Top: Gophers defensive back Cedric Thompson pretends to drink from the Little Brown Jug after Minnesota defeated Michigan 30-14 on Saturday. This is the first time since 2005 that the Gophers have claimed the trophy. Bottom: Gophers head coach Jerry Kill talks to a referee Saturday at Michigan Stadium.

hen Jer r y Kill answered questions Satur day night following the University of Minnesota’s 30-14 victor y at ARBOR, MICH. the University of Michigan, it almost looked like Minnesota had lost. The Gophers head coach appeared subdued as he softly spoke about his team’s second victory over the Wolverines since 1986, looking toward his wife, Rebecca, and his daughter Kr ystal standing in the back of the room. Last year, Kill didn’t make the trip to Ann Arbor, Mich. He rested at home with his family,

recovering from an epileptic seizure as Minnesota lost 42-13. “I didn’t participate last year; I let a lot of people down,” Kill said. “[The players] went through a lot here a year ago. Can’t tell you how proud I am of them.” Last season’s postgame press conference at Michigan had reporters asking players whether Kill’s absence was a distraction. Local and national columnists called for Kill’s resignation after his team went into the largest college football stadium in the country without its coach. As Kill sat in the media room Saturday, it became clear how much his absence last year ate away at him. And even though the look on his face was no indication, Minnesota had just pulled off a breakthrough victory in

SEE JUG PAGE 5 BUSINESS

U’s endowment fund on the upswing Last fiscal year’s return ranks higher than most other public universities across the country. BY CHRISTOPHER AADLAND caadland@mndaily.com

Investments made several years ago by the University of Minnesota’s Office of Investments and Banking are beginning to bear fruit, thanks to a healthier stock market. The University’s Consolidated Endowment Fund saw returns of a little more than 20 percent on investments last fiscal year, which surpassed many similar-sized public higher education institutions’ endowments. The nearly $1.3 billion endowment managed by the OIB helps fund scholarships, financial aid, University projects and faculty research, University Chief Investment Officer Stuart Mason said. Endowment investment performance is a vital component in financing the future of colleges and universities, according to a 2013 survey released by the National Association of College and University Business Officers and the Commonfund Institute. u See INVESTMENTS Page 3

ENDOWMENT PERFORMANCE VS. BENCHMARKS

HIGHER ED

Union push met with skepticism A large labor group’s efforts to unionize U faculty may face some hurdles at the school.

CONSOLIDATED ENDOWMENT FUND BENCHMARK* 20.4%

BY TAYLOR NACHTIGAL tnachtigal@mndaily.com 15.5% 12.5%

11.6% 10.6%

11.1%

7.3%

ONE-YEAR RETURN

THREE-YEAR RETURN

FIVE-YEAR RETURN

7.0%

10-YEAR RETURN *CEF CUSTOM INDEX

SOURCE: OFFICE OF INVESTMENTS AND BANKING BOARD OF REGENTS DOCUMENT

One of the country’s largest labor organizations’ efforts to unionize faculty at the University of Minnesota may need a clearer focus to make any headway at the school. The Ser vice Employees International Union Local 284 sent an email last week urging the University’s faculty to unionize, citing detrimental higher education trends plaguing instructors across the nation. But some faculty members say the outside push is unnecessary and wouldn’t effectively represent their needs. “We’re not sure we need an organization representing us in this mix, as opposed to representing ourselves and our interests,” said computer science and engineering professor Joseph Konstan, who ser ves as the chair of the University Senate’s Faculty Affairs Committee. “I’m not convinced they u See SEIU Page 3

VOLUME 116 ISSUE 16


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