TIAA-CREF [see profile] this month took over as the new manager of California's 529 college-savings plan, the Los Angeles Times reports. Incumbent Fidelity Investments's did not bid on the $4.4-billion plan. The other finalist was Nebraska-based Union Bank & Trust Co.

TIAA-CREF's new plan will include offerings from T. Rowe Price [see profile], Pimco [see profile] and Dimensional Fund Advisors [see profile]. 

Edited by: Hung Tran


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