State Board of Administration of Florida
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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.
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.
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.
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.
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.
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.
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.
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.
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.
Florida SBA sells private equity stakes to Partners Group
trueFlorida State Board of Administration, Tallahassee, sold its stakes in eight limited partnerships in which it invested a combined €314.8 million ($401.5 million) in European private equity, John Kuczwanski, FSBA communications manager, said in an e-mailed response to questions.
Florida SBA commits $2.88 billion to 19 managers
trueFlorida State Board of Administration, Tallahassee, committed a total of $2.88 billion to 19 managers, including its first specific allocation to the China A-shares domestic equity market, investing $100 million with the William Blair & Co. China A-shares commingled fund, John Kuczwanski, FSBA ...
Florida SBA significantly cuts back $3 billion PIMCO exposure
trueFlorida State Board of Administration, Tallahassee, is pulling much of the $3 billion managed by Pacific Investment Management Co. in three portfolios.
Florida SBA makes changes to its watchlist
trueFlorida State Board of Administration, Tallahassee, placed three active U.S. equity managers running $1.5 billion on watch, while it removed two managers running $3.9 billion from watch, said a report for the FSBA.
Florida Retirement System posts preliminary 17.4% return
trueFlorida Retirement System returned a preliminary 17.4% for the fiscal year ended June 30, surpassing its benchmark by 38 basis points, the Florida State Board of Administration, Tallahassee, announced Tuesday.
Alliant shareholders reject firearms safety proposal filed by 2 pension funds
trueAlliant Technologies Inc. shareholders Wednesday rejected by a 92.3% vote a shareholder proposal on firearms safety filed jointly by the New York State Common Retirement Fund and the Connecticut Retirement Plans & Trust Funds, a company SEC filing shows.