Hillsdale College, Hillsdale, Mich., has a shortlist of managers for a $10 million active international growth equity assignment for its $180 million endowment, said H. Kenneth Cole, chief administrative officer and treasurer. Funding will come from terminating an as-yet unidentified manager or redistributing assets, he said. The fund’s current active international equity managers are State Street Global Advisors, which runs $7.5 million, and Brandes Investment Partners, $15 million. Mr. Cole would not comment on the reason for the search.
The current allocation is 75% equity and 25% fixed income.
Salomon Smith Barney is advising.
