Latest Research

How will each party tax proposals impact the wealth of Middle Class and High Net Worth households?

With Mag 7 stocks trouncing VC and Private Markets trailing in FY2024, Columbia and Brown lead Ivy endowments but with vastly different risk and exposures

How the anemic deal climate, record low distributions and massive unfunded capital commitments are pushing endowments further into illiquid private equity & venture capital, increasing risk & leverage in portfolios (and markets broadly)

Ivy and elite endowments did poorly in fiscal year 2023, especially relative to a global 70/30 benchmark and smaller, less resourced endowments that invest in less private markets assets/funds than those employing the ‘Yale model’.

Many high profile funds with set risk targets exhibit levels of volatility last seen only during the Global Financial Crisis. This and the disparity of results between funds in the category is the subject of this post.

Hedge Funds have a place in investor portfolios, they’re just too darn expensive and not aasy to pick

We provide some clues as to why some of the largest endowments have disappointing results in FY2023

The projections come from MPI’s Transparency Lab, which provides unique insights into the styles, risks, and performance of traditionally opaque pensions and endowments.

For the past 20 years Texas Teachers Retirement System’s performance mimics the average of large public pensions tracked by MPI Transparency Lab.

Developed through a partnership with BarclayHedge, a unique investable benchmark delivers consistent performance and low risk, while preserving downside protection benefits of the managed futures strategies.