The $217 million Virginia Tech Foundation, Blackburg, Va., hired four...

The $217 million Virginia Tech Foundation, Blackburg, Va., hired four managers and dropped four others, said John Cusimano, director-investments. Jennison Associates will run $25 million in domestic growth equities; Warburg International, $20 million in global bonds, the foundation's first move in this area; Becker Capital, $25 million in large-cap growth equities; and Templeton, $20 million in large-cap international. It dropped Lowe Brockenbrough & Tattersall, which ran $20 million in U.S. bonds; Hanson Investment, $25 million in growth equities; Neuberger & Berman, $25 million in value equities; and Bankers Trust, a $20 million S&P 500 index fund. Mercer assisted.