St. Olaf College, Northfield, Minn., hired Fuller & Thaler as its...

St. Olaf College, Northfield, Minn., hired Fuller & Thaler as its first midcap growth U.S. equity manager, said Mark Gelle, assistant treasurer. The hire was the result of a recent asset allocation study. The $130 million endowment’s new asset mix is 48% domestic equities; 10% international equities; 20% tactical asset allocation; 17% domestic bonds; and 5% real estate. Funding for the $12.5 million allocation will come partly from rebalancing and partly from reducing existing large-cap U.S. equity investments, said Mr. Gelle.