University of Kentucky, Lexington, hired Ennis Knupp as consultant for its $440 million endowment, replacing Cambridge Associates, which was asked to rebid, said Susan I. Krauss, assistant controller. Ennis Knupp will advise on finalists in the fund’s search for a manager to run $130 million in active domestic fixed income, Ms. Krauss said. Four candidates will be chosen to make presentations at the endowment’s July meeting, she said. The fund will not make any additional changes at this point, she said.
Separately, the endowment retained National City Trust as custodian, said Ms. Krauss.
State law requires the endowment to conduct searches every few years, she said. The fund’s asset allocation is 70% equity and 30% fixed income.
