Cal Farley's Boys Ranch Foundation, Amarillo, Texas, hired BlackRock...

Cal Farley’s Boys Ranch Foundation, Amarillo, Texas, hired BlackRock to manage $16 million in active domestic small-cap value equities for the $330 million foundation, said David Saultz, vice president for finance and CFO. Funding came from terminating a $16 million portfolio managed in a similar style, Mr. Saultz said, but he declined to provide further details. The plan’s asset allocation is 70% equity and 30% fixed income. Angeles Investment advised.