Capital University, Columbus, Ohio, revamped the manager lineup for its $34 million endowment, said Don Aungst, vice president of resource management and treasurer.
The new managers are: Morgan Stanley and W.R. Huff, active domestic high-yield fixed income; Jennison, active domestic large-cap growth equities; State Street Global Advisors, active emerging markets equities, a Russell 1000 Value fund and a Russell 1000 Growth fund; Geewax Terker, active domestic small-cap value equities; Sterling Johnston, active domestic small-cap growth equities; Frontier Capital, active domestic small-cap core equities; and Capital Guardian and Artisan Partners, active international developed markets equities.
Dodge & Cox will continue managing active domestic large-cap value equities, and Huntington Bank will continue managing active domestic core fixed income.
Funding came from terminating Artemis, which ran active domestic small-cap equities; Mercator, which handled active international equities; and a Vanguard S&P 500 index fund. The managers didnt fit into the new lineup, Mr. Aungst said. Consultant DeMarche Associates also was terminated, he said.