March 4, 2015

Statewide News Briefs - Jan. 2008

Mark R. Howard | 1/1/2008

» A run on a state-managed investment pool for local governments caused the State Board of Administration to freeze the fund temporarily last month. Local governments had withdrawn close to $14 billion, about half of the funds from the pool, in two months. Investors became concerned over the fallout from mortgage-backed securities. About 6% of the state-run fund is invested in securities that have defaulted. Four days after closing, the state reopened the fund with limits on withdrawals. Pool manager Coleman Stipanovich resigned, and the state shifted management of the fund to BlackRock Inc.

Tags: North Central

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

When is the right time to pursue an MBA?
When is the right time to pursue an MBA?

Nova Southeastern University's Huizenga Business School's panel of corporate executives, students and faculty answer questions related to the Value of the MBA degree.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you think an MBA - or other advanced degree - is crucial for success in the business world?

  • Yes
  • Maybe, but only if you get that degree from a respected university
  • No

See Results

Ballot Box
Subscribe