Lewis & Clark College, Portland, Ore., hired Granahan Investment Management to run $15 million in active domestic small-cap growth equities for its $150 million endowment, said Mervyn Brockett, vice president of finance. Partial funding comes from terminating an active domestic equities manager that ran $25 million; Mr. Brockett declined to provide additional information. The balance of funding came from cash, he said.
Changes were made as the result of a review conducted by the colleges investments committee, he said. RV Kuhns assisted.