The Florida State Board of Administration (FSBA) has selected nine active managers to run a total of seven small and large cap mandates for its new Public Employee Optional Retirement Program (PEORP), subject to approval from the fund's trustees.
The FSBA, which runs the $102bn (£72bn) Florida Retirement System, has selected Ark Asset Management to run a US small cap value mandate. Columbia Management, part of FleetBoston Financial, will ru...
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