MPI solutions and research are frequently featured in a number of financial and investment media outlets.
The Wall Street Journal cited MPI’s comparative analysis of Ivy and peer endowment performance and linked to MPI’s Transparency Lab in a December 2, 2025 article, “Harvard’s Big Wager on Bitcoin Came Right Before the Bust,” which examined Harvard’s recent bitcoin investments and how its returns stack up against other leading universities.
In a December 1, 2025 feature titled “Crypto Is the Secret Sauce University Endowments Don’t Want to Talk About,” Institutional Investor’s Leah McGrath Goodman highlights MPI’s latest returns-based analysis of elite university endowments. Drawing on MPI’s work, the article reports that digital asset and AI bets boosted fiscal 2025 results at leading institutions such as Michigan, MIT, and Stanford by an estimated 200–300 basis points, helping drive average returns of roughly 11–12 percent for large Ivy and peer endowments. It also underscores MPI CEO and co-founder Michael Markov’s view that, despite crypto’s growing contribution to performance, many endowments remain reluctant to speak publicly about these exposures due to political and governance sensitivities
The Michigan Daily, the University of Michigan’s independent student newspaper, featured MPI’s Transparency Lab analysis in a December 2, 2025 article on U-M’s 15.5% FY25 endowment return. The story highlights MPI’s finding that Michigan posted the highest return among major U.S. university endowments in MPI’s study and links that performance to the endowment’s AI and crypto investments, including MPI’s estimates of the endowment’s crypto and AI exposure within its alternatives portfolio.
Matt Toledo of Chief Investment Officer (AI-CIO) cites new research from Markov Processes International (MPI) in his feature “University Endowments Returned to Growth in 2025.” Based on MPI’s returns-based analysis, the article shows that leading university endowments with meaningful allocations to AI-focused venture capital and digital assets, including crypto funds and direct holdings, saw these themes contribute significantly to strong FY25 results, while a substantial share of AI-driven gains remains unrealized and mark-to-model—raising important liquidity and risk-management questions.
InvestmentNews article references MPI’s new study showing that leading U.S. endowments outperformed in FY25, with top results potentially linked to significant allocations to AI and digital assets. Using these findings as a backdrop, the piece features several wealth management advisors discussing how they approach AI- and crypto-related investments, highlighting both the opportunities and the risks for investors.
Institutional Investor’s John Comtois highlights MPI’s new Transparency Lab research showing that elite endowments with early, targeted exposure to AI and digital assets—often via venture capital and hedge funds and some direct stakes—outperformed peers in FY25, adding as much as ~300 bps to returns when allocations were meaningful. The article quotes MPI co-founder & CEO Michael Markov: “It is plausible that AI and digital-asset exposure is now large enough to affect overall results,” noting implications for liquidity stress and governance as these positions scale.
Institutional Investor ran Michael Markov’s op-ed, “How Dartmouth Actually Became the Ivy League’s Switzerland,” demonstrating—via quantitative analysis—that the endowment’s modest liquidity risk and limited reliance on government funding helped shield it from the political turbulence facing other universities.
InvestmentNews piece spotlights a surge of alternative products aimed at RIAs and asks whether firms – many of them small and resource-constrained – are truly prepared. MPI president Jeff Schwartz is quoted noting that most RIAs lack alts-specific technology and rigorous research workflows, and that only those with experienced home-office teams should pursue individual PE/hedge funds; others may be better served by liquid alts given cost, transparency, and liquidity. Overall, the piece underscores strong client demand for alts – but an equally strong need for institutional-grade diligence, tools, and process. Schwartz was interviewed alongside industry leaders from Callan Family Office and International Assets Advisory.
The article highlights MPI’s endowment risk and liquidity research and quotes MPI CEO:
“This moment is a stress test on Harvard’s liquidity,” said chief executive Michael Markov.
Read: Elite U.S. Endowments: Government Funding and Liquidity Pressure
Visit: MPI Transparency Lab
The article highlights the growing role of private equity in public pension portfolios. Star Tribune reporter Emma Nelson interviews Jill Schurtz, CIO of the $96 billion Minnesota pension system, State Senator Nick Frentz, MPI CEO Michael Markov and cites MPI’s analysis of Minnesota’s investment portfolio from the MPI Transparency Lab “that uses publicly available pension returns data to assess risk.”
“Minnesota’s pension funds are among the riskiest in the country because of how much they have invested in both public shares and private equity — the bulk of their investments — according to analysis from Markov Processes International.”