Florida Prepaid College Board calls on Silvant Capital for equities

Florida Prepaid College Board, Tallahassee, hired Silvant Capital Management to run a total of $165 million in active domestic large-cap growth equities, confirmed Susan James, director of external affairs.

Silvant Capital will run $122 million for the $9.4 billion Stanley G. Tate Florida Prepaid College Program and $43 million for the $265 million Florida College Investment Plan, both 529 plans.

An invitation to negotiate was issued in July. The board had terminated Deutsche Asset Management from the portfolios last year. Ms. James did not provide a reason. Northern Trust ran the assets as a transition manager since that time.

Other finalists were Holland Capital Management and J.P. Morgan Asset Management (JPM).