Franklin College, Franklin, Ind., committed $1.2 million to the Aurora...

Franklin College, Franklin, Ind., committed $1.2 million to the Aurora Hedge Fund, said Larry Griffith, vice president for business and finance. The $65 million endowment made the move for diversification. Funding came from rebalancing, he said. The fundís asset allocation is 72% equity, 26% fixed income and 2% alternatives. Oxford Group assisted.