5 Questions
5 Questions With Fidelity Investments Portfolio Manager Erika Murphy

Erika Murphy, portfolio manager in Fidelity Investments’ Global Institutional Solutions group, took the time to answer 5 Questions with FIN News, plus a few extras.

04.27.26
Consultant/OCIO/Discretionary
Texas District Seeks Investment Consultant

The district is seeking discretionary consulting services on behalf of its employee retirement plan and OPEB trust.

04.27.26
People Moves
Northern Trust Wealth Mgmt. Names Global Family Office CIO

The cio will lead portfolio construction and deliver investment insights to ultra-high-net-worth families and family offices.

04.27.26
Credit/Private Debt
Midwest Pension Makes Opportunistic Credit Hires

The state retirement system also disclosed several private markets commitments at last week’s board meeting.

04.27.26
International / Global / Emerging Markets
New England Pension Concludes Emerging Market Debt Search

The retirement system also made two private equity commitments last month.

04.27.26
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Multi-Asset/Investment Advisor
Southwest City Posts Investment Advisor RFI

The city is seeking information on firms that can assist in managing and providing guidance on its investment portfolio.

04.27.26
Private Equity
Emerald Lake Closes Private Equity Fund

The fund surpassed its $500 million target as well as its initial $750 million hard cap.

04.27.26
In The News
President’s Annual “State of the University” Letter 2026: From Growth to Focus

Princeton needs to transition from growth to focus because long-term rates of return are steadily declining across university endowments. This decline has been hard to see because returns have been volatile. In other words, returns have not been a steady 8 percent or 10 percent; instead, they have been all over the map.

Princeton University
Utah endowment’s OCIO contract raises conflict of interest concerns

Cynosure Capital Management, its new outsourced chief investment officer, is founded by members of one of the state’s richest families.

Pitchbook
Commonfund Releases 2025 HEPI Report

Data from the annual Higher Education Price Index® (HEPI) show that inflation for U.S. colleges and universities rose 3.6 percent in fiscal year 2025, surpassing the 3.4 percent inflation reported in fiscal year 2024.

Commonfund
Yale expects layoffs as leaders brace for $300M in endowment taxes

The Ivy League institution’s tax bill starting next year will be higher than what it spends on student aid, university officials said.

Higher Ed Dive
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