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Florida State Board Eyes Hedge Funds

The Florida SBA is close to making its first allocation to hedge funds.

After nearly 70 years of managing money, officials at the Florida State Board of Administration (SBA) in Tallahassee, home to the Florida Retirement System, the fourth-largest U.S. pension fund, are close to making their first allocation to hedge funds. The giant state institution, which manages $123.4 billion in 36 separate

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