University of Memphis Foundation, Memphis, Tenn., hired Loomis Sayles to manage $4 million in active domestic small-cap growth equities for its $72 million endowment fund, replacing Liberty Acorn Funds, said Sabrina Qualls, business manager. Liberty Acorn, a unit of Liberty Wanger Asset Management, was terminated for performance, she said.
Marilyn Morrison, corporate communications representative at Liberty Wanger, did not return calls by press time.
