Ithaca College, Ithaca, N.Y., hired Lynch & Mayer as a midcap growth manager, Boston Co. as a midcap value manager and added the Harbor International Growth Fund in a restructuring of its $130 million endowment portfolio. Lynch & Mayer and Boston Co. will split 25% of assets, and 15% will be placed in the Harbor fund. Sanford C. Bernstein and another firm handled the entire fund in balanced portfolios, said Carl Sgrecci, vice president and treasurer. He would not identify the other manager, which was terminated. Sanford Bernstein will continue to run the rest of the portfolio in global bonds, non-U.S. equity and U.S. large-cap equity. Prime Bucholz assisted.
Midland College, Midland, Texas, hired Conseco Capital to handle $2 million in equity for its $10 million endowment fund. The money had been with NationsBank's trust department, said Rudy Gonzalez, vice president of administrative services. NationsBank continues to manage an undisclosed amount.
CORRECTION: Frank Russell's lifestyle funds were identified incorrectly in the May 9 P&I Daily. They are the LifePoints Funds.