The $165 million endowment of Reed College, Portland, Ore., hired Warburg Pincus, said Edwin O. McFarlane, vice president and treasurer. Warburg will be assigned $10 million in an active EAFE mandate with some discretion to invest in emerging markets. The move raised the endowment's total international allocation to $25 million. Funding will come from cash flow and reallocation among managers; all will be retained. R.V. Kuhns & Associates assisted.