Alts. In Question In Florida

Apr 28 2006 | 3:15pm ET

It looks that a Senate bill that would allow Florida's public safety pension plans to invest in alternatives will not be passed, according to Kent Olson, executive director of the Orlando Pension Funds.

Olson told sister publication FINdaily on April 21 that the bill, lead by John Keane, executive director of the Jacksonville Police & Fire Pension Plan, "seems unlikely based on the report I got this morning."

Keane, reached for comment, said "we have experienced some difficulties but we are continuing to press on with it." He added that he is "highly optimistic" that the bill will be approved. The legislative session is expected to conclude at the end of this month.

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