Pensions
Florida CFO Tells Pension Funds to Consider Crypto Investments
Jimmy Patronis called on the $245 billion State Board of Administration to study adding digital assets to the state’s pension fund.
Tag: Florida
Newsmakers
Chris Spencer Named Executive Director of Florida SBA
Lamar Taylor, who has been the interim investment head for more than two years, will become the fund’s permanent CIO.
Asset Allocation
Florida State Board of Administration Reducing Allocation to Stocks
The state’s allocation to alternatives will increase in the newly adopted investment plan.
Asset Allocation
At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.
Asset Allocation
DeSantis Signs Florida Anti-ESG Bill Into Law
Governor hopes to provide a ‘blueprint’ for other states looking to prohibit sustainable investing.
Newsmakers
BlackRock’s Red-State Woes Continue as Florida Divests
Florida’s CFO freezes assets managed by BlackRock and says by early 2023, the state will have divested fully from the world’s largest asset manager.
Newsmakers
States Improved Their Economies in 2021, a Plus for Public Pension Plans
Florida ranks at the top of the economic heap, Louisiana at the bottom, says Conning survey.
Newsmakers
Florida Senate Passes Bill to Move Most State Workers to DC Plan
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.
Market Moves
Don’t Worry about an Election Outcome Delay, Goldman Says
The mechanisms are in place for the nation and the market to know pretty soon who wins, the firm’s economists argue.
Research
Miami Pension Files Lawsuit Against Carl Icahn over Insider Trading Allegations
The Miami Firefighter Relief and Pension Fund alleges Icahn purchased shares of HP, knowing that Xerox would offer to purchase them later at a premium.
Risk
Palm Beach Post Mortem
A case study examines what went wrong when a Florida town closed its defined benefit pension.
Regulation
Fla. Bill Increases State Pension Contributions
Proposed legislation calls for an additional $178.5 million a year.
Research
Florida State Pension Plan Returns 13.77%
Every asset class outperformed its benchmark, except private equity.
Census Bureau: Public Pension Funds’ Investment Earnings Down 67%
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.
Ten-X Sees Some Markets Bucking Retail Downturn Trend
Texas, Florida cities seen as best markets for retail property investors.