State Board of Administration of Florida
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Florida State Board sticks with Townsend Group as real estate consultant
Florida State Board of Administration rehired Townsend Group as consultant for real estate and real estate strategic investments consultant services.
Florida SBA names 3 finalists in real estate investment consultant search
Florida State Board of Administration, Tallahassee, named Courtland Partners, ORG Portfolio Management and Townsend Group as finalists in a search for real estate and strategic investments consultant services, said Dennis D. MacKee, FSBA communications director.
Florida 401(a) plan to drop Pioneer large-cap core fund
Florida Retirement System's $7.8 billion 401(a) plan will drop Pioneer Investment Management's Pioneer Fund as an investment option because of poor performance, effective June 28, according to a termination notice to participants in the defined contribution plan.
Misguided legislation would close a great DB system
The Florida House of Representatives on March 22 passed HB 7011, which would eliminate participation in the Florida Retirement System defined benefit plan for all new public employees.
CPPIB, Florida State Board support Agrium board members
Canada Pension Plan Investment Board, Toronto, and Florida State Board of Administration, Tallahassee, have voted their Agrium Inc. shares in support of all the company's 12 directors, refusing to go along with a shake-up of the board by JANA Partners.
Milliman to assess impact of another Florida pension reform bill
The Florida Senate commissioned Milliman to conduct an actuarial study of the financial impact of closing the Florida Retirement System's defined benefit plan to some state employees
Florida Senate committee passes bill to move new employees to DC plan
The Florida Legislature advanced defined benefit pension limitations after the Senate Appropriations Committee on Thursday passed and sent to the full Senate a bill that would close the state defined benefit plan to some state employees, while providing an incentive for others to join the defined
Florida State Board of Administration seeks real estate consultant
Florida State Board of Administration, Tallahassee, is searching for a real estate and strategic investments consultant.
Altus Group quits as appraisal management finalist, calls Florida SBA search 'unfair'
Altus Group withdrew from consideration as a finalist in a search by Florida State Board of Administration, Tallahassee, calling the process “unfair” and “not transparent,”
HP shareholders re-elect all directors
Hewlett-Packard Co. shareholders voted to elect all 11 nominees for director, although five directors who were the subject of pension fund opposition received a large percentage of the vote against their retention.
Florida SBA will reconsider asset allocation if pension reforms pass
Florida State Board of Administration plans to re-evaluate its asset allocation, depending on the outcome of pending legislation that could close defined benefit pension plans to new employees or revise the benefit structure, according to action taken at its investment advisory council meeting ...
Florida State Board of Administration puts four managers on watch
Florida State Board of Administration, Tallahassee, placed on watch four money managers running a total of $1.7 billion, and removed from watch three asset managers running a total of $2.3 billion.
Florida board, AFSCME pension plan reveal Hewlett-Packard votes
Florida State Board of Administration and the American Federation of State, County and Municipal Employees Pension Plan are seeking changes in Hewlett-Packard Co.'s board and will vote their shares against the election of five directors, adding to pressure from other pension funds.
FSBA negotiating with 2 for appraisal management services
Florida State Board of Administration plans to hire Altus Group or Real Estate Research or both for appraisal management services for real estate and alternative investments, depending on the outcome of negotiations.
Florida SBA names 3 finalists in appraisal management administrators search
Florida State Board of Administration selected as finalists Duff & Phelps, Altus Group and Real Estate Research in a search for appraisal management administrators for real estate and alternative investments.