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FSBA Names BarCap As Derivs Broker

Florida State Board of Administration, Tallahassee, has appointed Barclays Capital for futures and over-the-counter derivatives clearing services, pending contract negotiations.

Florida State Board of Administration, Tallahassee, has appointed Barclays Capital for futures and over-the-counter (OTC) derivatives clearing services, pending contract negotiations, Pensions & Investments reports. The OTC derivative clearing is a new service for the board, which oversees a total of $154.7 billion in assets.

The services are for equity and fixed-income investments managed by internal and external managers of the $126.3 billion Florida Retirement System defined benefit fund overseen by the Florida board. UBS was the futures clearing broker for the board.

Click here for the story from Pensions & Investments.

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