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Home / FL: New Manager Says State’s Investment Fund Should Be DividedFL: New Manager Says State’s Investment Fund Should Be Divided
Last Updated on Tuesday, 4 December 2007 10:43 Written by rslcpol Tuesday, 4 December 2007 10:43
TALLAHASSEE – The private money manager hired last week to save a state-run investment fund rocked by withdrawals wants to split it in two — isolating $2 billion worth of risky investments.
BlackRock, a New York-based financial-investment firm, said Monday that putting downgraded investments in a separate fund would restore confidence in the remaining pool and encourage local governments to invest in it.
This entry was posted on Tuesday, December 4th, 2007 at 10:43 am and is filed under Attorney General News.
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