Western New England College, Springfield, Mass., hired Putnam Investments to manage $9 million in a core growth equity portfolio for its endowment fund.
The funding comes from the termination of Bankers Trust, which managed an asset allocation portfolio for the $30.5 million fund. David Kruger, vice president for financial affairs, said the termination ``was a performance issue.
Bankers Trust officials declined to comment. Cambridge Associates assisted.
