Florida State Board of Administration parcels out $2.6 billion Board also terminates 3 equity portfolio managers Print 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 million, respectively.