Earlham College , Richmond, Ind., terminated a $7 million emerging...

Earlham College, Richmond, Ind., terminated a $7 million emerging markets equity fund managed by Commonfund because of poor performance and reallocated the assets to a now-$36 million active international equity fund also managed by Commonfund, said Richard Smith, vice president for financial affairs. The $336 million endowment also terminated a $13 million Commonfund global bond fund and reallocated the assets to a now-$33 million Commonfund multistrategy bond fund. The endowment’s current asset allocation is 80% equity and 20% fixed income.