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University of Notre Dame Bought Millions of Dollars of a Beaten-Down Internet Stock

Photograph by Nova Safo/AFP/Getty Images
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University of Notre Dame du Lac, more widely known as Notre Dame, recently disclosed it bought a large stake in Internet-services company Tucows.

Notre Dame, home of the Fighting Irish sports teams, saw its endowment edge out the S&P 500 for the fiscal year ended June 30, 2018. The university saw a 12.2% return after manager fees, compared with a 12.1% rise in the index.

Tucows...