State Board of Administration of Florida
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Website pop-ups used to reassure participants during stock volatility
trueSeparate pop-up notices were posted on the websites of the Florida Retirement System 401(a) defined contribution plan and the State of Florida 457(b) deferred compensation plan to allay participants' fears when the stock market plummeted in August, including the 1,089.42-point fall in the Dow Jones ...
Florida SBA trustee rails against Iran deal, says it affects state divestment law
truePresident Barack Obama’s pending deal with Iran is “a direct assault on Florida’s divestment from state-sponsored terror,” said Jeff Atwater, Florida’s chief financial officer and one of the three trustees of the $172 billion Florida State Board of Administration, Tallahassee.
Florida SBA to engage Bank of America on separating CEO, chairman roles
trueFlorida State Board of Administration officials plan to meet with Bank of America Corp. management on Wednesday to discuss the company’s proposal seeking shareholder approval of a corporate bylaw amendment allowing the board of directors discretion to determine its leadership structure on whether ...
Florida State Board sells up to $1 billion in private equity stakes
trueFlorida State Board of Administration sold between $500 million and $1 billion in private equity fund stakes to Lexington Partners.
Florida SBA extends search for chief risk and compliance officer
trueFlorida State Board of Administration, Tallahassee, Thursday reposted the opening for chief risk and compliance officer, seeking to attract more applicants.
Florida assigns $1.588 billion to 13 managers
trueFlorida State Board of Administration committed a total of $1.588 billion to 13 managers representing 15 limited partnerships.
Florida SBA looking for strategic investments portfolio manager
trueFlorida State Board of Administration is searching for a portfolio manager in strategic investments and private equity, a new position.
Florida SBA searching for chief risk officer
trueFlorida State Board of Administration, Tallahassee, is searching for a chief risk and compliance officer.
FSBA: Proxy moves correlated to gains
trueThe Florida State Board of Administration's proxy-voting decisions correlated with a 9.4% increase in cumulative returns based on original value of holdings, adding $178 million in appreciation to its assets, according to a pioneering study by the board.
FSBA report finds gains correlated with proxy-voting decisions
trueFlorida State Board of Administration's proxy-voting decisions correlated with a 9.4% increase in cumulative returns based on the original value of holdings, adding $178 million in appreciation to its assets, according to a new study from the FSBA.
Florida State Board names new executive for external real estate
trueMichael Fogliano joined the Florida State Board of Administration as senior portfolio manager for its externally managed real estate portfolio.
Florida State Board adopts incentive compensation plan to help retain staff
trueFlorida State Board of Administration trustees Tuesday approved an incentive compensation plan for Ashbel C. Williams Jr., executive director and chief investment officer, and the rest of the investment staff, its first such comprehensive program.
Toyota shareholders approve dual-class shares despite pension fund opposition
trueToyota Motor Corp. shareholders approved a proposal to create a dual-class share structure by a 75% vote, overcoming opposition from four pension funds.
Florida State Board of Administration places 3 equity managers on watch
trueFlorida State Board of Administration, Tallahassee, placed on watch Quantitative Management Associates, Stephens Investment Management Group and BMO Global Asset Management, which run a combined $2.4 billion.
BlackRock, Ceres create ESG governance guide for institutional investors
trueBlackRock teamed up with Ceres to create a guide for U.S. institutional investors on engaging with companies and policymakers on sustainability issues, the two institutions announced Thursday.