The $200 billion State Board of Administration of Florida released details on the 18 funds it selected over the course of the second quarter to manage roughly $3 billion across private equity, real estate and hedge fund strategies.
A total of eight allocations totaling more $1 billion were made across the $18 billion strategic investments asset class that includes hedge fund strategies. Cambridge Associates assisted Florida in selecting the new line up of managers and indeed half of the managers hired were new to the pension portfolio -- Kennedy Lewis, Hudson Bay, PAG and Blue Torch Capital.
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