Institutional Investors Mandates & RFPs

Florida adds $700m to hedge fund portfolio

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null The State Board of Administration of Florida, which oversees $118 billion in pension fund assets, has added $700 million to its fledgling hedge fund programme and issued a request for proposals 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,