Florida Prepaid College Board, Tallahassee, is searching for an active domestic large-cap growth equity manager to run $120 million for the $9.4 billion Stanley G. Tate Florida Prepaid College Program and $42 million for the $265 million Florida College Investment Plan, both 529 plans, confirmed Susan James, director of external affairs.
The board terminated Deutsche Asset Management, which ran the assets for both plans, last year, Ms. James said. She would not provide a reason. Northern Trust was hired last year as transition manager for the assets in the two plans.
The invitation to negotiate is available online.
Proposals are due at noon EDT Aug. 3. A decision is expected in September.