Santa Clara University, Santa Clara, Calif., hired Allegiance Capital as manager of $35 million in active domestic fixed income for its $430 million endowment, said Harry Fong, associate vice president for finance. Funding will come primarily from reducing a portfolio run by the endowments existing fixed-income manager, which he would not identify. The change was made for diversification, he said. The funds current allocation is 66% equity, 20% fixed income, 11% alternatives and 3% cash.
Canterbury Consulting assisted.