The State Board of Administration (SBA) was created by the Florida constitution and is governed by a three-member board of trustees (Trustees), comprised of the governor as chair, the chief financial officer and the attorney general. The SBA provides a variety of investment services to state and local government entities in Florida and has a history of generating excellent returns relative to risk and doing so at low cost. The SBA manages more than 30 funds, some established as direct requirements of Florida law and others developed as client-initiated trust agreements. This includes the Florida Retirement System Pension Plan, the Florida Retirement System Investment Plan, Florida PRIME and Florida Hurricane Catastrophe Fund. The combined asset are $191 billion.
