Transylvania University, Lexington, Ky., terminated Nebis, which ran...

Transylvania University, Lexington, Ky., terminated Nebis, which ran $2 million in active domestic small-cap to midcap growth equity for the $114 million endowment, said Jerry Ray, CFO. The assets will be managed internally; the style has not been determined, he said. The fund's asset allocation is 78% equity and 22% cash. It did not use a consultant.