Florida State Board of Administration parcels out $2.6 billion
Board also terminates 3 equity portfolio managers
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Florida State Board of Administration, Tallahassee, disclosed $2.6 billion in manager hires, commitments and investments in the first quarter, said John Kuczwanski, communications manager, in an email.
Within its global equity asset class, the board, which oversees a total of $245.8 billion, including the $193.2 billion Florida Retirement System, hired
Wellington Management to run $420 million in active domestic large-cap core equities, and hired
Clarivest Asset Management,
Wells Capital Management to run $400 million each in active international small-cap equities.
Also during the first quarter, the board terminated QMA from an $834 million active domestic large-cap value equity portfolio, and also terminated AQR Capital Management and Dimensional Fund Advisors from active international small-cap equity portfolios with assets of $375 million and $367 mil
Florida State Board of Administration, Tallahassee, disclosed $2.6 billion in manager hires, commitments and investments in the first quarter, said John Kuczwanski, communications manager, in an email.
Within its global equity asset class, the board, which oversees a total of $245.8 billion,…