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Over the Horizon

Even with its endowment funds in freefall, Sydney University is looking to invest in the future, writes Ben Powerf measures to pare spending by $30 million this financial year after being hit by investment losses in 2008. The measures include a freeze on the external hiring of professional staff, a voluntary redundancy program, and the offer of enhanced early retirement options. Flexible leave and alternative working arrangements will be implemented later in the year.

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