Skillman Foundation, Detroit, hired Metropolitan West Asset Management...

Skillman Foundation, Detroit, hired Metropolitan West Asset Management as an active bond manager to diversify its $580 million endowment, said Richard Connell, vice president and treasurer. Funding for the $28 million allocation came from reducing an $80 million Lehman Aggregate index fund managed by Barclays Global Investors, he said. Mr. Connell said the change was due to a restructuring of the bond portfolio that reduced passive and increased active investments. Evaluation Associates assisted.