University of Cincinnati placed $30 million in an S&P 500 index fund...

University of Cincinnati placed $30 million in an S&P 500 index fund run by State Street Global Advisors, a new investment. The $940 million endowment fund's investment committee decided to index more assets, said Linda Graviss, associate treasurer. Funding will come from reducing large-cap domestic equity portfolios; further information wasn't available by press time. Fund Evaluation Group assisted.