Lifespan Corp., Providence, R.I., hired Standish Ayer & Wood to run a...

Lifespan Corp., Providence, R.I., hired Standish Ayer & Wood to run a $30 million Treasury inflation-protected securities portfolio for its $700 million endowment fund, said Paul Pierannunzi, director of finance. Funding will come from paring $8 million each from the portfolios of existing U.S. fixed-income managers Deutsche, John W. Bristol and Standish, and $6 million from an active international equity fund managed by Morgan Stanley. The three fixed-income managers now will run $41 million each, and Morgan Stanley will run $48 million in international equities.