Mandates & RFPs

Florida State Board sends out RFP for risk models

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The State Board of Administration of Florida, which oversees $117 billion in pension fund assets, has issued an RFP for total fund and hedge fund risk models.

Service providers responding to the search should offer a total fund holdings-based risk model as it relates to the responsibilities and objectives of a large public pension fund in addition to a holdings-based or factor-based risk model designed specifically for hedge fund investments.

The deadline for responses is 19 November. Earlier this year, Florida took up a new policy that includes an 11% strategic investment allocation across a variety of alternative