NAVIGATION

January 16, 2017

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 Local governments had withdrawn close to $14 billion, about half of the funds from the pool, in two months.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 digital 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

Dogs once headed for slaughter in South Korea now bound for adoption in Tampa
Dogs once headed for slaughter in South Korea now bound for adoption in Tampa

In the Korean language, it’s called “gaegogi.” Dog meat, taken from animals raised and slaughtered for food. Fourteen dogs once destined for that fate will soon be headed to Tampa to find new homes.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you agree that ending the "wet foot, dry foot" immigration policy for Cubans is the right thing to do?

  • No
  • Yes
  • Unsure

See Results

Ballot Box
Subscribe