State Board of Administration of Florida

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  1. Proxy-access proposal at Chevron gaining pension fund support

    truePension funds have lined up in support of a proxy-access proposal filed by the New York City Retirement Systems at Chevron Corp., according to their proxy-voting disclosures.

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  1. Florida Legislature repeals law restricting pension fund investment in Northern Ireland

    trueFlorida State Board of Administration, Tallahassee, will be able to invest in Northern Ireland without state statutory restrictions if a bill passed by the Florida Legislature becomes law.

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  2. Chipotle shareholders reject proxy access proposals, ratify executive pay

    trueChipotle Mexican Grill Inc. shareholders at the company’s annual meeting Wednesday rejected two proxy access proposals, including one co-filed by the $163.4 billion New York City Retirement Systems, $56 billion UAW Retiree Medical Benefits Trust, Ann Arbor, Mich., and $5 billion Philadelphia Public ...

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  3. Pension funds line up against Chipotle pay package

    trueTwo big pension funds have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board and co-CEO; Montgomery F. Moran, co-CEO; and two other top executives.

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  4. Florida State Board of Administration invests or commits nearly $3.6 billion

    trueFlorida State Board of Administration, Tallahassee, hired three managers to run $2.1 billion and made new private equity, real estate and strategic investment commitments totaling $1.478 billion, said John Kuczwanski, FSBA communications manager, in an e-mail.

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  5. Florida SBA rejects increasing risk for Hurricane Catastrophe Fund allocation

    trueFlorida State Board of Administration rejected changing the asset allocations to step up risk and boost potential return in the $13 billion Florida Hurricane Catastrophe Fund.

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  6. Starbucks CEO, 5 executives facing opposition on pay

    trueThe compensation of Starbucks Corp.’s CEO and five other top executives faces opposition from CalSTRS, Ontario Teachers’ Pension Plan and the Florida State Board of Administration.

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  7. Florida SBA looking for real estate, global equity portfolio managers

    trueFlorida State Board of Administration is searching for a senior portfolio manager of externally managed real estate portfolios.

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  8. CPPIB, FSBA to oppose Apple's executive pay package, support proxy access

    trueCanada Pension Plan Investment Board and the Florida State Board of Administration plan to vote against Apple Inc.'s pay plan for CEO Tim Cook and other top executives, according to their proxy voting disclosures.

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  9. Florida SBA takes 2 Pyramis strategies off watch

    trueFlorida State Board of Administration, Tallahassee, removed from watch two Pyramis Global Advisors portfolios, totaling $1.5 billion, said Dennis D. MacKee, FSBA director of communications.

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  10. Florida State Board puts $300 million in J.P. Morgan hedge fund of funds

    trueFlorida State Board of Administration committed $300 million to Elan Fund, a hedge fund of funds managed by J.P. Morgan Alternative Asset Management.

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  11. Pension funds take sides on Microsoft executive pay package

    truePension funds have lined up on different sides on the issue of Microsoft Corp.’s executive pay package for CEO Satya Nadella and four other top executives.

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  12. Florida SBA picks Citigroup units for prime brokerage services

    trueFlorida State Board of Administration, Tallahassee, hired Citibank and Citigroup Global Markets in its search to add additional providers of prime brokerage services, John Kuczwanski, communications manager, said in an e-mail.

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  13. Florida SBA nears decisions on brokerage, collateral management searches

    trueFlorida State Board of Administration, Tallahassee, is considering five firms in its search for prime brokerage services: Citigroup, Deutsche Bank, New Edge, Bank of America Merrill Lynch and Bank of New York Mellon unit Pershing LLC.

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