Asset Owner Directory

Florida State Board of Administration

The State Board of Administration (SBA) is created by the Florida Constitution as Florida’s principal independent Investment Management Organization. The SBA is primarily responsible for investing the proceeds of the Florida Retirement System Pension Plan, administering the Florida Retirement System Investment Plan, managing the Florida Hurricane Catastrophe Fund and running Florida PRIME, as well as investing the proceeds of more than 25 other funds directed to the SBA by the Florida Legislature. The Executive Director and CIO manages approximately 200 professional investment and administrative support staff.

Country

United States

AUM ($B)

$250

Performance

29.46

Chief Executive

Lamar Taylor

Chief Investment Officer

Lamar Taylor

Chair

Governor Ron DeSantis

Asset allocation

Portions of the global equity, fixed income and real estate portfolios are externally managed. Asset allocation as per June 30, 2020.

54.1% Global Equity

18.3% Fixed Income

1.8% Cash & Cash Equivalents

9.7% Real Estate

7.2% Private Equity

8.9% Strategic Investments

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of November 30, 2021. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

Investor Profile

Florida SBA on the benefits of fixed income despite rising rates

In a recent board meeting, Florida SBA's deputy CIO Alison Romano discusses the importance of fixed income despite rising interest rates impacting the asset class's ability to offer protection in a downturn.

Sarah RundellApril 19, 2022

Investor Profile

Florida SBA’s venture adventure

The Florida State Board of Administration’s (SBA) commitment to venture capital over many decades has been a contributor to the fund's performance. Last year the team had 340 meetings and calls, reviewed 109 funds, carried out due diligence on 26 and invested in three. Successful IPOs and SPACs, plus realisations from investments made in 2013/14, have led to a standout performance.

Sarah RundellAugust 5, 2021

FIS Digital – June 2020

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

Fiduciary Investors Series

Florida’s Ash Williams on opportunities in a crisis

In this Fiduciary Investors Series podcast Amanda White talks to Ash Williams, the executive director and chief investment officer of the Florida State Board of Administration about managing a large institutional portfolio in a time of crisis. Drawing

Amanda WhiteSeptember 24, 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

View more articles

Asset Owner Directory

Fund Name	Country	AUM ($B)	Articles	More Info
British Telecom Pension Scheme (BT Pension)	United Kingdom	$78	28	View Info
The Pension Protection Fund	United Kingdom	$53	4	View Info
Healthcare of Ontario Pension Plan (HOOPP)	Canada	$83	34	View Info