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Florida Retirement Fund is 2nd Strongest in U.S. July 29, 2010 -- The Florida Retirement System is in good shape, according to the man who oversees those investments. Florida now ranks second for funding among the fifty state pension systems. Ash Williams is the executive director and chief investment officer of the State Board of Administration. In an update to Cabinet members Thursday, Williams touted a new report by Standard and Poor’s as evidence that the pension fund is doing well. “The FRS trust fund balance is up to $114.6 billion. It is up 2.98% year to date…that’s calendar year to date,” explains Williams. He noted that for the fiscal year ending June 30, seven of the fund’s eight asset classes made more money than expected. |
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