Randolph-Macon College, Ashland, Va., will discuss at an upcoming...

Randolph-Macon College, Ashland, Va., will discuss at an upcoming investment committee meeting whether to search for a domestic fixed-income manager when its manager review is completed, said John Ahladas, treasurer for the $62 million endowment. Mr. Ahladas said it’s possible that one of the fund’s two current domestic fixed-income managers, Standish, Ayer & Wood and Sovran Capital, may be replaced as a result. A decision is expected by December. Separately, Mr. Ahladas said, the endowment hired Flippin, Bruce & Porter to replace Luther King Capital Management as an $8 million large-cap value U.S. equity manager, for performance reasons. J. Luther King Jr., president of Luther King Capital, did not return phone calls by press time.