Pension fund chief told to discuss $125 million investment

By , Herald-Tribune
/ Thursday, October 6, 2011

TALLAHASSEE

The head of Florida’s pension fund is being told to discuss a $125 million investment in a public meeting.

Senate President Mike Haridopolos asked for the meeting instead of granting a request by State Sen. Mike Fasano to subpoena records from the State Board of Administration. Fasano wanted to know more about a decision to hire an investment firm that specializes in shaking up companies.

The state board manages the state’s $100 billion-plus pension fund for public employees.

Fasano made his request after SBA executive director Ash Williams told Fasano it would cost more than $10,750 to review and release records Fasano wanted.

Williams has ties to the investment firm hired by the state but he has said that others in the agency made the decision to hire the company.

Last modified: October 6, 2011
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