Monday, 27 June 2016
Last updated 50 min 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.