5 Questions
5 Questions With Pennsylvania Municipal CEO & CIO Timothy Reese

Timothy Reese has served as ceo and cio of the $3.9 billion Pennsylvania Municipal Retirement System since 2020.

03.16.26
People Moves
Southern University Names Next CEO & CIO From Cleveland Clinic

The university has appointed Cleveland Clinic CIO Stefan Strein as its next president, ceo and cio after launching a search last year as its previous head retired at the end of 2025 after more than two decades of service.

03.16.26
Real Assets
Orion Resource Partners Closes Fund

Orion Mine Finance Fund IV brings the firm’s total assets under management to over $9 billion.

03.16.26
Non-U.S. & Global Fixed-Income
Taiwan Fund Seeking Passive Bond Managers

The fund is looking to hire four global passive fixed-income managers.

03.16.26
Fixed-Income
Midwest State Plan To Re-Underwrite Investment Grade Bond Portfolio

The investment board also hired a new international growth equity manager.

03.16.26
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People Moves
Fortress Investment Group Appoints Chief Strategist

The new role will “enhance provision” of investment strategy perspectives for LPs and provide strategic advice to the firm’s investment personnel.

03.16.26
Hedge Funds
Wisconsin Discloses Commitments

The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.

03.16.26
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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