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
Northeast Foundation Hires Advisor To Oversee Endowment Management

The foundation hired an executive senior investment advisor to lead its endowment management program.

04.29.26
Private Equity
Great Plains Board Considering PE Commitment

The fund will consider committing $50 million to an existing private equity manager within its portfolio as staff recommended adding a strategy with General Partner stakes.

04.29.26
Consultant/OCIO/Discretionary
New England Pension Hires New OCIO

Four outsourced cio providers were interviewed for the mandate.

04.29.26
Asset Study/Review
Mid-Atlantic Pension Tweaks Asset Allocation

The plan also added a pair of commitments to a new private equity manager relationship.

04.29.26
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Multi-Asset/Investment Advisor
West Coast City Narrows Investment Management Search

The city will interview a pair of finalists to provide investment management and advisory services.

04.29.26
International / Global / Emerging Markets
West Coast Pension Trims Active Non-U.S. Equity Mgr. Roster

The plan terminated two managers as part of a non-U.S. equity structure study.

04.29.26
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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