Oklahoma City University Endowment Fund hired Flippin Bruce & Porter to run $4.7 million in active domestic large-cap value equities, confirmed Brian Holland, CFO.
Funding will come from the performance-related termination of Missouri Valley Partners, Mr. Holland said. Dennis Nahnsen, spokesman for Missouri Valley, declined to comment.
The $70 million endowment began an invitation-only search this spring, he said. Wachovia Securities assisted.