University of Dayton, Dayton, Ohio, is undertaking a comprehensive review of its $375 million endowment, said Delanie Moler, investment officer. DeMarche Associates, recently hired as consultant, is conducting the review, which will be completed in the second quarter. The study will likely lead to shifts in the plans asset allocation model and possible manager changes, she said. The endowment does not have active domestic small-cap growth or active international growth equity investments, which may change, she said.
The funds asset allocation is 75% equity, 20% fixed income and 5% alternatives.