State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System

Overview
Date Founded

1943

Headquarters

1801 Hermitage Boulevard,Suite 100,Tallahassee, FL 32308-7743

Type of Company

Private

Industries

Pension Funds & Sovereign Wealth
Investment Services & Portfolio Management

Company Description

The SBA's investment policy objective for the FRS Pension Plan portfolio is to provide investment returns sufficient for the plan to be maintained in a manner that ensures the timely payment of promised benefits to current and future participants and keeps the plan cost at a reasonable level. Benefits are determined using a formula based on years of service and salary while working for an FRS employer. SBA offers a diversified mix of primary investment funds that span the risk-return spectrum. Investments are made primarily in global equities and fixed income securities. Real estate, private equity, strategic investments and cash equivalents/short-term investments are also included. SBA is governed by a three-member Board of Trustees comprised of the Governor as Chair, the Chief Financial Officer and the Attorney General. The Trustees, in concert with legislative directives, have ultimate oversight. They delegate authority to the Executive Director/Chief Investment Officer to carry out the strategic direction in the day-to-day financial investments and operations of the organization. The legislature determines plan structure, benefit levels and funding, the Department of Management Services, Division of Retirement administers the program and the SBA manages the assets consistent with statutory authority. In investing the FRS Pension Plan assets, the SBA follows statutory guidelines.

Contact Data
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Executives & Employees

Chief Operating Officer

Director of Research

Director, Division of Retirement

Communications Director

Director-Domestic Equity Operations

Director-Fixed Income Compliance

Director-Enterprise Risk

Senior Portfolio Manager

Senior Portfolio Manager

Senior Portfolio Manager

Board of Trustees

Senator at Office of the Senator from Florida, Rick Scott

Chief Financial Officer at Florida Atlantic University

Special Government Employee at Office of the White House Counsel Under Donald Trump

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Recent Transactions
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Triumph Group, Inc. issued USD Common Stock

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Triumph Group, Inc. issued USD Common Stock

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State Board of Administration of Florida Retirement System purchases Lexington Partners LP

Transaction Advisors
Legal Advisor

Advised onTriumph Group, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Managing Partner at Haynes and Boone LLP

Legal Advisor

Vice President & Chief Legal Officer at Greenberg Traurig LLP

Legal Advisor

Shareholder at Greenberg Traurig LLP

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