University of Dallas, Irving, Texas, hired Vaughan Nelson Investment Management to handle $6 million in active domestic small-cap value equities for its $40 million endowment. The investment committee terminated the portfolio's previous manager, Strong Capital Management, primarily because of concerns about management changes following the firm's acquisition by Wells Fargo, said Dale Larson, director of finance. Strong had been on the endowment's watchlist for more than a year because of market-timing allegations against the firm. "The main reason we terminated them was largely due to concerns about how Strong would fit into Wells' large management structure," Mr. Larson said. Asset Performance Partners assisted.