Hood College, Frederick, Md., hired Edgar Lomax to run $10 million in...

Hood College, Frederick, Md., hired Edgar Lomax to run $10 million in large-cap value U.S. equity after terminating two large-cap value managers, Fox Asset and Glickenhaus, partially for performance reasons, said Tom Berger, vice president of finance for the $75 million endowment. Mr. Berger said funding for the allocation will come from rebalancing; the $12 million Fox portfolio and the $8 million run by Glickenhaus will be reallocated to existing domestic equity managers. James Glickenhaus, general partner for Glickenhaus, said, "I believe the change occurred due to them (Hood College) hiring a new consultant, because our performance was fine.’’ Dorann Cafaro, director of client services for Fox Asset, said, "The change came about after they hired a new consultant; our management style continues to grow.’’