Nearly a decade after promising to withdraw millions in fossil fuel investments, the University of Massachusetts has stalled on its clean energy transition. What happened?
The foundation revised the joint investment policy statement for its more than $1 billion portfolio in August, lowering the target allocation ranges for domestic small-cap equity and other diversifying alternatives strategies.
Artificial intelligence investments and digital assets are driving outperformance for large university endowments, which reported fiscal year 2025 returns around 11% or 12% on average.