The Oklahoma City University $70 million endowment fund put $4 million in BGIs iShares Russell 1000 Growth index ETF, according to Brian Holland, CFO.
Funding will come from reducing an active domestic large-cap growth equity portfolio run by WCM Investment Management, leaving it with $4.7 million. The reduction was performance-related, Mr. Holland said. He was not able to provide further information at press time.
A call to WCM was not returned by press time.