Idaho Endowment Fund Investment Board, Boise, rehired RBC Dain Rauscher as consultant for its $430 million public school endowment and $210 million pooled endowment, said Matthew J. Haertzen, manager of investments.
Separately, the board hired Marvin & Palmer to manage $45 million in active international growth equities, said Mr. Haertzen. Funding came from reducing an active domestic large-cap value equity portfolio managed by Metropolitan West Capital to $40 million, he said. Officials made the change for diversification, he said.
The plans asset allocation is 70% equity and 30% fixed income.