The $200 million Pepperdine University endowment fund, Malibu, Calif., hired Sandler Associates to manage a $1 million high-yield bond portfolio, said Charles J. Pippin, treasurer. The new manager will specialize in debt of media companies. Funding came from cash flow. Cambridge Associates assisted with the search.
The $200 million Pepperdine University endowment fund, Malibu, Calif....
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