Seattle University hired State Street Global Advisors to run $40...

Seattle University hired State Street Global Advisors to run $40 million in an S&P 500 index fund, said Denis Ransmeier, vice president for finance and investments. The $145 million endowment shifted its entire active domestic large-cap equity allocation to passive management, terminating growth managers Sirach Capital and Rigel Capital, value managers Davis Skaggs and Wellington Management, and core manager Alliance Capital, Mr. Ransmeier said. The five firms handled portfolios comprising a total of $40 million; he would not say how much each firm ran. Wurts & Associates assisted.