Phil Shaffer and Lee Caleshu have joined Hamilton Capital’s institutional business as managing directors of institutional services and portfolio management, respectively.

A foundation tied to a university in Missouri has hired an investment firm to provide discretionary management services.

Some pension-fund managers are venturing further into unusual investment territory as this year’s plunge in bond yields makes it even harder to find decent long-term returns.

A liberal-arts college in Vermont will merge with a small Boston college.