St. Marys College, Notre Dame, Ind., might move into hedge funds for the first time, said Leslie Hitchcock, controller. Officials for the $80 million endowment will meet April 24 to decide if they will conduct a shortlist search for a hedge fund manager. If approved, consultant LCG Associates will recommend three or four managers, he said. The size of the potential commitment has not been determined; funding might come from the equity portfolio, but details have not been discussed, he said. The funds asset allocation is 50% domestic equity, 25% fixed income, 20% international equity, 4% venture capital and 1% cash.