South Dakota State University Foundation, Brookings, shifted its...

South Dakota State University Foundation, Brookings, shifted its assets into a $35 million active domestic large-cap and midcap value equity portfolio and a $5 million active international value portfolio managed by Wells Fargo, and a $5 million portfolio in active domestic small-cap growth equities handled by KB Growth Advisors, said Beth Abraham, controller of the $45 million fund. All of the foundation’s assets were in an active international large-cap value portfolio that had been managed by Norwest, which was purchased by Wells Fargo. The change was made for diversification, she said.