Friday, 29 May 2015
Last updated 16 hours ago
Aug 23 2012 | 3:37am ET
The Florida Board of Administration has entrusted $150 million of its pension assets to Och-Ziff Capital Management, joining at least three other state pension funds in betting on the New York hedge fund giant.
Florida made its investment on July 31, it said. The Board has $1.4 billion invested in hedge funds.
Och-Ziff also counts state pension funds from California, Massachusetts and New Jersey as clients. Like the Sunshine State, the Garden State's Division of Investment is also new to the firm, having committed $600 million late last month.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…