NAVIGATION

July 29, 2016

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 Local governments had withdrawn close to $14 billion, about half of the funds from the pool, in two months.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

Professors train local police
Professors train local police

Police departments have reached out to FIU’s Department of Communication, in the College of Communication, Architecture + The Arts, to create programs that facilitate more effective communication between officers and the South Florida community. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Florida regulators have approved new water quality standards that they say will give them more control over chemicals in our water supply. But - the new standards allow more cancer-causing toxins into water systems. Your opinion?

  • I oppose the new water standards
  • Unsure
  • I support the new water standards

See Results

Ballot Box
Subscribe