We compare Harvard with its peers and examine how concentration, long-term performance and portfolio risk change the picture of this year’s winners.
Stanford Endowment
Penn, Stanford and MIT have reported sharply different FY26 returns. MPI examines the emerging endowment puzzle through the lens of economic exposures and portfolio risk.
Can annual endowment returns reveal a concentrated private-market exposure before the underlying position becomes transparent? The recent SpaceX disclosures give us an unusual opportunity to test that question.