Asset Allocation
DeSantis Signs Florida Anti-ESG Bill Into Law
Governor hopes to provide a ‘blueprint’ for other states looking to prohibit sustainable investing.
Tag: Florida
Newsmakers
BlackRock’s Red-State Woes Continue as Florida Divests
Florida’s CFO freezes assets managed by BlackRock and says by early 2023, the state will have divested fully from the world’s largest asset manager.
Newsmakers
States Improved Their Economies in 2021, a Plus for Public Pension Plans
Florida ranks at the top of the economic heap, Louisiana at the bottom, says Conning survey.
Newsmakers
Florida Senate Passes Bill to Move Most State Workers to DC Plan
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.
Market Moves
Don’t Worry about an Election Outcome Delay, Goldman Says
The mechanisms are in place for the nation and the market to know pretty soon who wins, the firm’s economists argue.
Research
Miami Pension Files Lawsuit Against Carl Icahn over Insider Trading Allegations
The Miami Firefighter Relief and Pension Fund alleges Icahn purchased shares of HP, knowing that Xerox would offer to purchase them later at a premium.
Risk
Palm Beach Post Mortem
A case study examines what went wrong when a Florida town closed its defined benefit pension.
Regulation
Fla. Bill Increases State Pension Contributions
Proposed legislation calls for an additional $178.5 million a year.
Research
Florida State Pension Plan Returns 13.77%
Every asset class outperformed its benchmark, except private equity.
Census Bureau: Public Pension Funds’ Investment Earnings Down 67%
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.
Ten-X Sees Some Markets Bucking Retail Downturn Trend
Texas, Florida cities seen as best markets for retail property investors.
Judge Upholds Tax to Fund Jacksonville, Florida Pension
City can move ahead with pension plan changes to relieve debt problem.
Florida House Passes Retirement System Bill that Favors DC Plans
Bill proposes defined contribution plans become the new default.