endowments

An extensive coverage by Julie Segal in her Institutional Investor article of the MPI’s 9-th annual Ivy League endowment report. She writes: “With little transparency into endowment portfolios, MPI used its proprietary returns-based style analysis to determine the exposure that the Ivy League and elite colleges had to major asset classes — and their contribution to the performance of the entire portfolio in fiscal year 2023… Even in a good year, “you’re not going to get a lot of transparency,” Markov [MPI’s CEO] told Institutional Investor. “But in a bad year, you’ll get zero transparency from endowments. It’s not pensions where they have to give something to people.”

Matt Toledo with CIO Magazine reviews in this article recent performance of top endowments from Yale, UPenn and Stanford and compares them with projections from MPI Transparency Lab. “Stanford announced on Thursday a 4.4% return in fiscal 2023, slightly below MPI’s estimate of 6.42%. Stanford attributed its underperformance—as compared with Cambridge Associates’ 6.9% median return for university endowments—to losses in its venture capital investments, in line with MPI’s projections,” – he writes.

One-of-a-kind offering provides unique insights into some of the largest and most opaque funds so all stakeholders can better understand their performance and potential risks.

We embarked on a project to estimate 2022 FY performance for Ivies and major US university endowments… weeks before official reports become available.

Institutional Investor features MPI’s latest research series on university endowments in fiscal year 2021. In the article, Co-founder and CEO Michael Markov discusses how asset allocation played a far more important role in returns than manager selection.

Haunted by the ghosts of 2009, Harvard endowment’s lower risk appetite still pays off with a 33.6% return.

Bowdoin College Endowment has been outperforming all Ivies on a 10-year basis since 2015 with its latest FY2021 result bringing it to 14.4%, an almost impossible number to beat.

UPenn’s $20.5 Billion endowment posted a return of 41.1% for FY 2021, driven by strong returns in private equity and venture capital.

The reason behind Brown University’s endowment outperformance is not what most people think, according to an analysis from MPI. Read more from Julie Segal, in Institutional Investor.

In his latest article, Chief Investment Officer’s Michael Katz, explores MPI’s analysis of how Brown University’s endowment has managed to outperform its rivals in recent years.