US - Three asset managers that were not selected as finalists for mandates by the $102bn (£72bn) Florida Retirement System (FRS) have won the right to reapply for those mandates, following a decision by the fund's trustees to reopen the selection process.
The Florida State Board of Administration (FSBA), which runs the FRS, had rejected bids to run US fixed income, US equity and international equity mandates from asset managers, Horace Mann, Valic a...
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