St. Olaf College, Northfield, Minn., hired State Street Global Advisors, Hotchkis & Wiley, Dimensional Fund Advisors, Morgan Stanley and Grantham, Mayo, Van Otterloo to manage a total of $36 million for the $161 million endowment, said Mark R. Gelle, assistant treasurer. SSgA will manage $12 million in Treasury inflation-protected securities; Hotchkis & Wiley, $10 million in active domestic midcap value equities; DFA, $7 million in a REIT fund; Morgan Stanley, $4 million in active international equities; and GMO, $3 million in emerging markets, Mr. Gelle said. Partial funding will come from terminating Mellon Capital, which ran $30 million in a tactical asset allocation strategy; the endowment's investment subcommittee decided to get out of TAA, Mr. Gelle said. The remainder will come from cash. Hammond Associates is assisting.