Colonial Williamsburg Foundation, Williamsburg, Va., hired Philippe...

Colonial Williamsburg Foundation, Williamsburg, Va., hired Philippe Investment Management to run $10 million in small-cap to midcap European equities, part of "a broader allocation of funds among several international managers," said Robert Taylor, CFO and senior vice president. The foundation has been reviewing its $568 million endowment over the past year, said Tim Andrews, spokesman. Further details were not available.