St. Olaf College, Northfield, Minn., on Nov. 13 plans to select managers to run $10 million in active domestic large-cap value equities and up to $8 million in real estate, said Mark R. Gelle, assistant treasurer. The $161 million endowment's investment subcommittee will review a shortlist of managers in each of those asset classes; funding sources have not been determined.
Subcommittee members will also look into adding new investments in hedge funds and private equity, with hirings possible at the end of the month, he said. Portfolio sizes have not been determined.
The endowment's asset allocation is 74% equity, 21% fixed income and 5% alternatives, Mr. Gelle said. Changes to the allocation may be made at the Nov. 13 meeting.
Hammond Associates is assisting.
