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The Essential

Crypto Is the Secret Sauce University Endowments Don’t Want to Talk About

For the first time, crypto and digital assets are reaping returns at elite universities.

Fidelity Ramps Up its OCIO Business as More Institutions Outsource

The financial giant’s new OCIO head Chris Pariseault plans to double its $23B business in five years by leveraging the full breadth of Fidelity’s capabilities.

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Morningstar’s Idzorek Explores a New Paradigm for Allocators

Tim Schmidt, CIO of Prudential Financial, to Retire

Schmidt, who has been with Prudential for 16 years, has been a pioneer over his more than 40 years in the insurance industry. Matthew Armas, global co-head of insurance at GSAM, will succeed him.

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Endowments Expected to Help Drive the OCIO Industry to $4.2TR by 2028

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Tekne Capital’s Beeneet Kothari Plays the Long Game — and Wins Big on China Tech

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Opinion: How Dartmouth Actually Became the Ivy League’s Switzerland

Michael Markov

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