Drew University , Madison, N.J., began an asset allocation study of...

Drew University, Madison, N.J., began an asset allocation study of its $200 million endowment fund earlier this month, said Jeffrey Balog, associate treasurer. Officials expect the study to be finished in early February; a change in investment managers is possible, he said. The endowment’s current allocation is 32% active large-cap domestic equity, 4% active domestic midcap equity, 3% active domestic small-cap equity, 5% active domestic tech-concentrated equity, 7% international equity, 33% fixed income, 9% alternatives and 7% cash, he said. Callan Associates is assisting.