5 Questions
5 Questions With Lumina Foundation V.P. & CFO Erin Archer

Archer serves as v.p. and cfo at the Lumina Foundation and directs the investment strategies for its approximately $1.4 billion endowment.

09.29.25
Alternatives
Southern Teachers Pension Approves Private Markets Commitments

The commitments include three new manager relationships for the retirement system.

09.29.25
People Moves
Southwest Pension CIO To Retire

The cio has led investments at the plan for 15 years.

09.29.25
Consultant/OCIO/Discretionary
Illinois Plan Makes Consultant Change

The plan opted to hire a new general investment consultant after 10 years with its incumbent.

09.29.25
People Moves
Mid-Atlantic Pension Hires Deputy Executive Investments Director

The new hire previously served as senior manager of investments at the $2.5 billion Montgomery County (Md.) Public Schools Pension & Retirement Plan.

09.26.25
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Asset Study/Review
Midwest State Plan Adopts New Asset Allocation

The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.

09.26.25
Credit/Private Debt
Pacific Northwest Pension Eyes Additional Credit Fixed-Income Mgr.

The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.

09.26.25
In The News
Global yield curves: The overlooked catalyst driving stocks higher

A crucial economic indicator flashes green, yet few take heed. Convinced it outlived its usefulness, they shun this bullish signal or dismiss it outright. What is it? “Yield curves” – and understanding their sneaky global power gives you an advantage. Let me show you why this antiquated economic gauge has renewed energy – and what it says for stocks’ future.

The National
Is Google Screwed? Maybe. But Not How You Think.

The internet’s most profitable business model has always been simple: running search ads on monetizable queries. When you search “how many protons are in a cesium atom,” Google makes no money. When you search “best tennis racket,” it prints cash.

This asymmetry defines the entire search economy–some queries are pure curiosity, and others have direct purchase intent. It’s part of why Google (where people often search for products) is a $2T company and Wikipedia (where people search for knowledge or fun facts) is a non-profit.

Andreessen Horowitz
Charley Ellis: Indexing Is a Marvelous Gift

The noted author, consultant, and academic on the virtues of simplicity, the challenges facing active managers, and why he would stay away from investing in private capital.

Morningstar
Emory braces for a big tax increase on endowment after Trump bill

Emory University is anticipating a multimillion-dollar increase to its tax bill this year, which could mean less money for research and student scholarships.

The Atlanta Journal-Constitution
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