Regis University, Denver, is searching for a Russell 1000 value index...

Regis University, Denver, is searching for a Russell 1000 value index manager to run $2.1 million, said Joseph Weber, associate vice president of finance. The $24 million endowment is looking for diversity, he said. No RFPs were issued. Instead, consultant Salomon Smith Barney will recommend candidates. No timetable was set for completion. Separately, Regis hired Lord Abbett to replace Sanford C. Bernstein as a large-cap value U.S. equity manager due to poor performance, said Mr. Weber. Lord Abbett will run $2.1 million funded from Sanford C. Bernstein’s $4.2 million portfolio, with the remaining $2.1 million going to a Russell 1000 index fund, he said. Jennifer Cook, spokeswoman for Sanford C. Bernstein, did not return phone calls by press time.