Jacksonville Waits Patiently For Passage Of Legislation

Mar 3 2006 | 12:00am ET

The $970 million Jacksonville (Fla.) Fire & Police Pension Fund will conduct a full asset liability study and expects a complete reorganization of its portfolio in the next 18 months if ongoing state legislation is passed on July 1 that will expand the plan’s investment opportunities.

John Keane, executive director, said he expects passage of the legislation, which would allow the fund to invest in both alternatives and bonds that are below A-rated. In the past, Keane has said the plan would like to put as much as 15% into alternatives.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note