The Florida State Board of Administration has allocated a total of $100 million to Anchorage Capital Fund, a long-short credit hedge fund, Pensions & Investments reports. No request for proposal (RFP) had been issued by the $149.7 billion administration board.
The board’s hedge fund consultant Cambridge Associates assisted in the selection process. The Tallahassee-based administration board will receive the funding from general liquidity.
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Tallahassee Cambridge Associates Florida State Board Anchorage Capital Anchorage Capital Fund
