State Board of Administration of Florida
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Florida SBA picks Hewitt Financial Services for brokerage option
trueFlorida State Board of Administration plans to offer, effective Jan. 2, participant-directed brokerage accounts managed by Hewitt Financial Services as an investment option for the Florida Retirement System's $8.4 billion 401(a) defined contribution plan.
Florida SBA names record-keeper finalists
trueFlorida State Board of Administration named Aon Hewitt and ING Institutional Plan Services as finalists in a record-keeper search for the $8.3 billion 401(a) Florida Retirement System Investment Plan.
BNY Mellon settles Florida forex suit for $28 million
trueFlorida State Board of Administration will be paid $28 million by Bank of New York Mellon, global master custodian for a state pension fund, to settle a lawsuit that claimed BNY Mellon overcharged for foreign-exchange transactions.
Florida to use MSCI's ESG analytics
trueFlorida State Board of Administration contracted with MSCI to incorporate its ESG analytics into the system's corporate governance analysis.
Institutional investors call for slew of changes at 21st Century Fox
trueCalSTRS plans to vote against the election of all 12 directors, including K. Rupert Murdoch, James R. Murdoch and Lachlan K. Murdoch, to the board at Twenty-First Century Fox Inc.
Florida SBA pegs $1.6 billion for alternatives strategies
trueFlorida State Board of Administration, Tallahassee, allocated $1.6 billion to 13 investment programs.
Florida keeps BNY Mellon as global custodian
trueFlorida State Board of Administration, Tallahassee, rehired Bank of New York Mellon as global master custodian for the $166.8 billion in assets the FSBA oversees.
Dell finally gets privatization deal approval
trueA majority of Dell Inc. shareholders approved the joint proposal by Michael S. Dell, chairman and CEO, to acquire the company for $24.9 billion in partnership with Silver Lake Partners, based on a preliminary vote tally from Thursday's special meeting, according to a Dell statement. A count wasn't ...
Florida SBA committee recommends keeping BNY Mellon for custody
trueFlorida State Board of Administration's selection committee recommended rehiring Bank of New York Mellon as global master custodian for the $166 billion in assets the FSBA oversees.
Florida SBA opens search for 401(a) plan record keeper
trueFlorida State Board of Administration, Tallahassee, issued an invitation to negotiate in a search for a record keeper for the state's $8.1 billion 401(a) defined contribution plan, called the Florida Retirement System Investment Plan.
Florida SBA nearing end of 2-year search for custodian
trueFlorida State Board of Administration, Tallahassee, expects to bring to a conclusion its more than 2-year-old search for a global master custodian for the $163.8 billion in assets it oversees.
Florida pushes back against executive compensation
trueOfficials at the Florida State Board of Administration, Tallahassee, toughened their proxy-voting stand against compensation packages for CEOs and other top executives in the past year, while on proxy issues in general they raised their support for corporate boards and management.
Florida State Board seeks 3 senior investment professionals, HR director
trueFlorida State Board of Administration is seeking to fill four senior-level positions, including two senior portfolio managers for private equity.
Florida Retirement System DB fund returns 13.12% for fiscal year
trueFlorida Retirement System's defined benefit pension fund returned 13.12% on its investments for the fiscal year ended June 30, outperforming its customized benchmark by 1.11 percentage points.
Florida SBA allocates $1.1 billion to 7 managers
trueFlorida State Board of Administration, Tallahassee, allocated $1.065 billion to seven investment programs, including hiring Magellan Financial Group to manage $490 million in long-only global equities in a separate account.