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Florida Prepaid Awards $187M Mandates
Florida Prepaid College Board has appointed two active equity managers to oversee mandates worth about $187 million for its 529 plan.
Florida Prepaid College Boardhas appointed two active equity managers to oversee mandates worth about $187 million for its 529 plan,Pensions & Investmentsreports.PanAgora Asset Managementwill run $124 million in international equity, whileBoston Company Asset Managementwill manage about $62 million in domestic midcaps.
The mandates will be funded by terminating the active large-cap growth equities mandate run byDeutsche Asset Management. Investment consultantCallan Associatesassisted in the search.
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