GEORGETOWN UNIVERSITY’S NEWSPAPER OF RECORD SINCE 1920 thehoya.com
Georgetown University • Washington, D.C. Vol. 95, No. 23, © 2013
TUESDAY, NOVEMBER 19, 2013
COOPER TO TRANSFER
Rising star leaves team amid conflicting statements on suspension.
COMMENTARY Finding and spreading the joy in academics is the goal of the Jesuits.
SPORTS, A10
SAC RESULTS Patrick Musgrave (COL ’16) finished an odd race for SAC chair on top.
COLD WAR CUTBACKS The State Department gutted funding for the study of Russian.
NEWS, A4
OPINION, A3
NEWS, A5
Endowment Keeps Climbing
STATE OF AFGHANISTAN
GRIFFIN COHEN
TARGET ASSET ALLOCATION FOR FY14
Hoya Staff Writer
CHRIS BIEN/THE HOYA
John Kerry and Hillary Clinton joined the Georgetown Institute for Women, Peace and Security to discuss Afghan women. See story on A5.
In line with the national trend, Georgetown’s endowment posted strong growth in fiscal year 2013, driven in part by improved returns on investment and the $100 million donation from Frank McCourt Jr. (CAS ’75). Georgetown’s combined endowment had an 11.8 percent annual return on investments for fiscal year 2013, a marked improvement from fiscal year 2012’s 0.9 percent return, according to the Office of Investment, which manages the pooled endowment’s day-to-day operations, including asset allocation and portfolio management. “The pooled endowment benefitted throughout fiscal year 2013 from an increase in its allocation to global equity and a tactical overweight to U.S. equities,” a representative from the Office of Investment said. “Throughout the year, we rebalanced into other developed markets as well, with an emphasis on Japan, and added selectively to our emerging markets exposure.” Nationally, college endowments averaged an 11.7 percent return in 2013, up from a 0.3 percent loss in 2012, according to preliminary figures
Asset allocation for fiscal year 2014 focuses heavily on equity, which includes stocks.
15% 15%
50%
Equity Absolute Return Real Assets Fixed Income
20%
RATE OF RETURN ON ENDOWMENT INVESTMENTS 2007 -3.1%
21.5% 2008 2009
-22% 2010
12.3%
2011
16.8%
2012
0.9%
2013
11.8% SHEENA KARKAL/THE HOYA
See ENDOWMENT, A6
Gondola Considered in Transit Overhaul Outdoor NICK SIMON
Hoya Staff Writer
ALEXANDER BROWN/THE HOYA
A gondola at Car Barn would connect the university to Rosslyn. The proposal is part of an effort to improve Georgetown transportation.
With scant transportation options in the Georgetown neighborhood, the District has explored areas for innovation, including a gondola lift connecting Car Barn and the Rosslyn Metro stop. This proposal is part of an effort to better connect Georgetown with local transportation through the Business Improvement District. Among the plans are a Georgetown Metro stop, streetcars and changes to the Georgetown University Transportation System shuttles. “The advantage of gondolas is that they ease the friction of transportation. You hop off the Metro and hop on the gondola cars that are coming continually and carry you to Georgetown,” Georgetown BID Transportation Director Jonathon Kass said. “The
gondola is a way to make Georgetown feel like it is an extension of the Rosslyn Metro station much sooner than we’ll be able to get a Metro station.” A gondola lift, or a cable car, is an aerial lift, where cabins hang from a loop of cable that continuously circulates between the two terminal stations. Although the Rosslyn and Foggy Bottom stops are both viable options for the gondola, Kass said that the Rosslyn station is preferable, both because of proximity and because the gondola lift would run above the Potomac River. “The idea is to have a fast, efficient transportation link between Georgetown and the Metro station,” Kass said. “It would also be a spectacular experience and probably a tourist attraction in its own right.” See GONDOLA, A6
Tennis Teams Stranded in IAC Construction GENE CHOI & MADISON ASHLEY
occupied by outdoor courts. Director of Athletics Lee Reed said the university is exploring options to add Although the university is ready additional tennis courts. to begin construction on the In“Our varsity programs for men’s tercollegiate Athletic Center near and women’s tennis, as well as tennis McDonough Arena this spring, one for the broader Georgetown commugroup remains unsure of what that nity, is very important to us,” Reed will mean: Georgetown’s tennis play- wrote in an email. “We have been ers. working with the During construcuniversity and the tion, the univercampus planning sity’s eight outdoor process for quite tennis courts, which some time to idenare used by the tify suitable alternamen’s and women’s tives, both short and varsity and club long term.” tennis teams along While the univerwith recreational sity’s master planLENNY OLSEN (COL ’14) players, will be unClub Tennis Social Chair ning team searches available for use. for a solution, the The administration does not yet have club tennis team has not been inplans to replace the practice space. formed of what will happen to the “We’re currently exploring strat- courts or of any possible solutions to egies to replace the tennis courts, fill the void. which may include new courts on or “We’ve been kept pretty much in off campus,” Vice President of Plan- the dark with the future of the tenning and Facilities Management Rob- nis courts,” Club Tennis Social Chair in Morey said. Lenny Olsen (COL ’14), a former Hoya The four-story, 144,000 square- staff writer, said. “Our livelihood as a foot building will be built on what club revolves around having those is now the McDonough parking lot in addition to the space See TENNIS, A6
Hoya Staff Writers
“We’ve been kept pretty much in the dark with the future.”
@thehoya
TOP: ALEXANDER BROWN/THE HOYA; BOTTOM: COURTESY GEORGETOWN UNIVERSITY
The Intercollegiate Athletic Center will replace tennis courts by McDonough Gymnasium, but no plans for relocating the teams are known. Published Tuesdays and Fridays
Drinking Extended JENNIFER DING Hoya Staff Writer
Chief of Police Jay Gruber has decided to extend GUSA’s Outdoor Student Living Pilot Program, which allows students of legal age to drink beer and wine in designated areas of Henle Village and Village A. The pilot program will continue through the spring semester, a decision based on the lack of write-ups in those permitted areas. “We measure success by the fact that we didn’t hear anything. We didn’t see anything, we didn’t have to do anything,” Gruber said. A comprehensive evaluation of the program, which will also take write-ups into consideration, will take place over the summer. The Department of Public Safety, Georgetown University Student Association and the Office of Residential Living will use this evaluation to make any suggestion to extend the program to other areas of campus, potentially including Village B and Nevils Hall. When introducing the program, GUSA and the Office of Residential Living stressed that it was intended to make on-campus living more attractive, but thus far, few students appear to have utilized the option to drink near some dorms. “I don’t think I’ve seen a group congregate in that area since the program only affects the barbeque area outside the community room, and students never really leave their immediate apartments,” said Kyla McClure (COL ’15), a resident assistant in Village A. Adrian Prado (COL ’14), a resident assistant in Henle, said that he thought the program would be more popular in the spring, with the advent of nicer weather. However, Prado voiced doubt that RAs would be able to hold students accountable under the new program. “We, as RAs, have a list of people in our area who are 21 and under but then it becomes inconvenient See DRINKING, A6
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