FSBA Commits $125M To Activist HF

Florida State Board of Administration has allocated $125 million to a corporate activist hedge fund, Starboard Value.

Florida State Board of Administration has allocated $125 million to a corporate activist hedge fund, Starboard Value, Pensions & Investments reports. The retirement system’s consultant to the board, Wilshire Associates, assisted in the process.

The fund has already committed to KV Partners, Cevian Capital II and P2 Capital Fund as corporate activist hedge funds. Corporate activist hedge funds are a subcategory of the board’s strategic asset allocation.

Click here for the story from Pensions & Investments.

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