Bowling Green (Ohio) State University Foundation hired Richmond Capital Management to run $10 million in active domestic core fixed income, said John T. Cuckler, foundation controller. Funding will come from eliminating the fixed-income portions of two balanced portfolios totaling $35 million, Mr. Cuckler said. The managers, INVESCO and AllianceBernstein, will continue to run active domestic large-cap value equity portfolios, he said.
Officials at the $46 million endowment wanted to spread the assets among more managers, he said. Hartland & Co. advised.