Samford University, Birmingham, Ala., hired active domestic equity managers Waddell & Reed to run $20 million in small-cap growth, and Institutional Capital and DePrince Race & Zollo to manage $15 million each in large-cap value, said Lisa Aday, director of investments. Funding came from terminating Quintus Asset and Oppenheimer, which managed $22 million each, and AmSouth, which managed $6 million; all three ran active domestic large-cap value equity portfolios, said Ms. Aday. The terminations were for performance, she said. Wayne Coon advised.
Officials at Oppenheimer and AmSouth did not return calls seeking comment by press time; Blevins Naff, Quintus vice president, declined comment.
Waddell & Reed already handles $30 million in large-cap growth for the $200 million endowment plan.