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
People Moves
California Pension CIO To Retire

The cio is retiring after nearly 25 years with the plan.

04.28.26
High-Yield
Midwest Fund Launches High-Yield MAC Search

The plan is seeking two to four managers to evenly split an approximately $1 billion allocation.

04.28.26
Multi-Asset/Investment Advisor
Southeast County Schools Post Investment Advisor RFI

The RFI has been “issued for informational purposes only.”

04.28.26
Industry News
Silver Rock Capital Partners Raises $4B For Private Credit Fund

Silver Rock Capital Partners has closed on investable capital in excess of $4 billion for its latest private credit capital solutions strategy.

04.28.26
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People Moves
Mid-Atlantic Pension Names EDGE Managing Director

The managing director will be responsible for emerging managers, durable capital and government excellence.

04.28.26
Private Equity
Southwest Pension Makes Private Markets Commitments

The commitments target energy and digital infrastructure.

04.28.26
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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