Drury University, Springfield, Mo., hired Calamos Asset Management and Froley Revy Investment each to manage $4.3 million in convertible securities for the $85 million endowment fund, said Richard Dodson, director-financial services. The allocation marks the endowment’s first specific allocation to convertibles. The move was made for diversification, he said.
Funding came from a reallocation among existing managers.
Prime Buchholz & Associates assisted.
