Florida’s actuarial health frees assets for alternatives
July 02, 2010
Florida State Board of Administration approves the largest US public pension allocation to hedge funds in dollar terms
Ponce de Leon was seeking the fountain of youth in exploring Florida's coastline, but now hedge fund explorers venturing into the sunshine state are likely to find a well of retirement dollars poised to make their way into alternative investments in the coming year.
Bringing youthful optimism in restructuring its alternative asset mix, the nearly $140 billion Florida State Board of Administration - which includes $113 billion in pension assets and a series of state...
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