Florida State Board of Administration

The Latest

Investor Profile

Florida: Opportunities in a crisis

The Florida State Board of Administration has made some strategic moves to take advantage of opportunities in the dislocation, including in private equity, distressed debt and active listed equities.. But CIO, Ash Williams, is concerned about the underlying real economy.

Amanda WhiteOctober 6, 2020

Private Equity

Should PE underperformers be avoided?

There is a prevailing view among LPs that once a PE firm has an underperforming fund, the best way forward is to stop committing to future funds. But do outperforming funds that become underperformers deserve consideration?

Wes Bradle and Alex AbellJuly 3, 2019

Sustainability

Firearms Principles provide a target

A coalition of 13 institutional investors, led by the California State Teachers’ Retirement System, has crafted principles for engaging with entities that manufacture, sell or regulate guns in a way that fosters a responsible civilian gun industry and reduces risk. The guidelines are intentionally flexible so each organisation can apply them in accordance with its own models for engagement.

Christianna WoodNovember 22, 2018

FIS Stanford

How the active complements the passive

Investors discuss the various ways that two styles often presented as if they are enemies in fact work hand in hand across portfolios to produce returns.

Sarah RundellOctober 11, 2018

Asset Owner

FSBA pounces on high valuations

The $204 billion Florida State Board of Administration has decided today's market is overpriced and is unloading private equity and real estate to re-deploy capital for higher long-term yields.

Sarah RundellJune 6, 2018

Investor Profile

Florida SBA trusts long-term plan

Florida State Board of Administration CIO Ash Williams may modernise real-estate holdings or add Asia exposure, but he sticks to the long-term strategy – especially when tough times loom.

Sarah RundellMay 14, 2018

Equities

Factors aid manager selection

Investors, including the $194 billion State Board of Administration of Florida (SBA), are using factor analysis to decompose returns, select active managers and negotiate fees.

Amanda WhiteOctober 25, 2017

Private Equity

LPs can look beyond top in VC

The common refrain from limited partner investors is that they can’t access ‘top-tier’ VC funds, so they avoid them entirely. A look at the data reveals whether this belief is fact or fiction.

Wes BradleSeptember 7, 2017

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