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, Pensions & Investments reports. PanAgora Asset Management will run $124 million in international equity, while Boston Company Asset Management will manage about $62 million in domestic midcaps.

The mandates will be funded by terminating the active large-cap growth equities mandate run by Deutsche Asset Management. Investment consultant Callan Associates assisted in the search.

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