Press

Michael Thrasher with Institutional Investor provides an overview of MPI Transparency Lab’s FY2023 performance projections for major pensions and endowments in his article
Private Assets Drove Endowment and Pension Returns Last Year. Now They Are a Drag. He writes “…from returns you can glean a lot of information: risk, the skill, the trend, the style drift, you name it,” MPI chief executive Michael Markov said. Strategies change sometimes. When things don’t add up, there is a red flag.” Among MPI’s customers are U.S. regulators, who use its tools to surveil funds…

An in-depth coverage of MPI Transparency Lab projections for FY2023 by one of the oldest college newspapers in the nation Investment analysis company predicts brighter future for Columbia’s endowment – Columbia Spectator

“Columbia’s endowment—even with its comparatively poor performance when measured up against peer institutions—may come out on top in terms of investment risk and is likely to report high returns this fiscal year, according to a recent lab launched by the investment analysis company Markov Processes International.” – writes Shea Vance.

In this article, FundFire’s Justin Mitchell uses MPI’s FY2023 intra-year estimates of pension performance in his in-depth analysis of impact of private assets on pension returns.

“Public pensions with sizable allocations to private equity tended to weather the last year’s market volatility better than their peers, but that could change in coming months, according to new projections from a top data analytics firm. Markov Processes International’s new “transparency lab” analyzes the publicly reported returns of institutional investors to provide a better understanding of what the actual holdings are.”

Institutional Investor article by Julie Segal based on the eight-year track record of MPI Eurekahedge 50 Tracker Index raises an important question: if the collective wisdom of top hedge fund managers results in index-like performance why take risks, headache and expense investing in large number of individual funds?

“Thanks to their high exposure to private markets, endowments have been sheltered from the worst effects of the market sell-off,” writes Pitchbook’s James Thorne, using MPI’s research. ”It will take several months, or even longer in the case of venture capital funds, for public and private asset prices to reach an equilibrium, assuming stocks and bonds remain depressed.” Please read full article here.

It’s no surprise that many endowments have had a tough year. But the reasons these organizations struggled weren’t all the same, as Institutional Investor showed in a story based exclusively on MPI’s research and Dynamic Style Analysis (DSA) and Stylus Pro technologies behind it.

2022 has been a challenging year for some of the largest risk-parity funds. RISK.net’s Luke Clancy covers MPI research “Is 2022 All Bad Weather For Risk Parity?” in his article Keep risk parity simple, stupid – Risk.net (subscription required)

“Evidence is piling up that allocators may be better off replicating the returns of the best hedge funds — a more complex version of indexing — rather than investing in them directly, ” writes Julie Segal with Institutional Investor in her piece about MPI’s latest research on Eurekahedge 50 index, developed in partnership with Eurekahedge, and the MPI Eurekahedge 50 Tracker.

“In an exclusive analysis for Institutional Investor, Markov Processes International concluded that that cryptocurrency hedge funds tend to perform on par with Bitcoin but with less downside risk. The analysis also found a large amount of dispersion between funds,” writes Alicia McElhaney from Institutional Investor in her article “Crypto Hedge Funds Deliver Bitcoin- Like Returns Without the Volatility.” Please read the MPI research report here.

On May 15th, 2022, AllianzGI pleaded guilty to securities fraud and agreed to pay about $6 billion in penalties and restitution to investors in the Structured Alpha funds. Many months earlier, MPI’s September 2021 quantitative research Should Institutional Investors be Selling Market Crash Insurance? Do they Know They Are? revealed that the funds were effectively selling market crash insurance and putting investors’ money at risk in the case of market collapse. Read entire press release here.