MIT’s $23.5 Billion Fund Posts Loss as Big Endowments Lag (1)

Massachusetts Institute of Technology’s endowment lost 2.9% on its investments in the year ended in June, the second straight annual drop.

The university said Friday that its endowment fund, among the largest of US private colleges, was valued at $23.5 billion, down from $24.6 billion in 2022.

The richest colleges, even with their more sophisticated investment operations that include venture capital and hedge funds, performed worse than small endowments in the most recent year.

Overall endowments earned a median 9.3% before fees in the 12 months through June, according to data by Wilshire Trust Universe Comparison Service, which doesn’t ...