Bloomberg – Florida’s state pension system, manager of $112 billion for a million firefighters, teachers and garbage collectors, is set to decide next week on the size of its first investment in hedge funds.
Executives of the fourth-largest state retirement program in the U.S., who have considered putting money into the private pools of capital since 2007, will make the move amid a 7 percent shortfall in its ability to pay future benefits, the first in 13 years. Wisconsin’s pension also plans its initial allocation this year, while Boeing Co.’s probably will raise its holdings.
