The $80 million Stetson University endowment fund, Deland, Fla., hired three managers, said Ann Y. Graham, vice president-finance.
Townsend Asset Management will run $4.5 million in value equities; ZPR Investment Management, $16 million in growth equities; and Great Northern, $12 million in fixed income.
Funding will come from a bequest, cash flow and a manager that was dropped. Fund officials declined to name the firm.
Vantage Consulting assisted in the changes.