Doane College, Crete, Neb., is conducting an asset allocation study that could lead to a search for a large-cap U.S. equity manager for its $50 million endowment fund, said Pappy Khouri, vice president of financial affairs. The current mix is 42% domestic equity, 20% international equity, 20% government bonds, 11% real estate, 4% venture capital and 3% cash. The new manager could replace Commonfund or GAMCO Investors, two current large-cap managers running $4 million each, said Mr. Khouri. A decision is expected by May. Asset Consulting Group is conducting the study.