Florida State Board of Administration (FSBA) has shortlisted finalists to provide a total risk model and a hedge fund risk model to its board, Pensions & Investments reports. The board has selected MSCI Barra, Wilshire Associates, State Street and BNP Paribas as finalists.

The board, which is planning to make the selection on February 11, may hire one or more firms for the models. The FSBA has also received proposals from Wilshire, Hewitt EnnisKnupp, Mercer, Callan Associates and RV Kuhns to assist in the search for a global master custodian.

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