Epoch Investment Partners, Schroder Investment Management and Hexavest have been appointed by Florida State Board of Administration to manage a combined $1.7 billion in active global equities, Pensions & Investments reports. Wilshire Associates assisted in the searches. Epoch has been awarded a mandate of $578 million, Hexavest will manage $577 million and Schroder will handle $573 million. The funding came from terminating global equity managers McLean Budden, which managed $824 million, Templeton Investment Counsel, which ran $793 million and Acadian Asset Management, which was overseeing $247 million.
Click here for the story from Pensions & Investments.
