August 21, 2014

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 Local governments had withdrawn close to $14 billion, about half of the funds from the pool, in two months.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

HitchBOT
HitchBOT

There's a hitchhiker making its way across Canada who doesn't have a driver's license--because it's a robot. The goal of the project is to see how comfortable humans are when traveling with robots. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

After meeting with climate scientists, what should Gov. Scott's next move be?

  • Take action: He should adopt recommendations and move quickly to avoid greater disaster and economic problems.
  • Remain neutral but at least make a statement addressing concerns.
  • Take no action. Gov. Scott has more important, more immediate matters to attend to.

See Results

Ballot Box
Subscribe