The office has issued an RFP seeking an investment advisor for its roughly $40 billion in assets, including its 529 programs.
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.
The company announced the establishment of a sizeable endowment for its foundation, which will be handled by the company’s asset management arm.
The outsourced cio added a managing director at a prominent investment consulting firm to serve as a senior principal and lead its venture capital investing, including heading venture investment research.
The fund added commitments to private equity, real estate and private debt funds with existing managers within its portfolio in the second half of 2025.
The system approved removing a diversifying strategies investment and adding a public equity investment with a new manager within its endowment and liquidity pools this month.
The firm closed its debut fund with more than $150 million in committed capital from a diverse group of institutional investors to exceed its initial fundraising target.
The global manager added a head of ETF strategy to focus on supporting the continued development and expansion of its active exchange-traded fund platform.
The firm added an executive managing director, portfolio management and senior managing director, portfolio management to lead its affordable housing efforts.
The foundation is seeking a cio to lead, execute and monitor its investment strategy, oversee its investment portfolio and manage relationships with investment consultants and external managers.