The nearly $52 billion Florida State Board of Administration...

The nearly $52 billion Florida State Board of Administration, Tallahassee, is planning on boosting its exposure to alternative equities within the next six months, said Ash Williams Jr., executive director. The board has about $750 million invested in alternative equity now, and has not yet set a target on how much it wants to increase its allocation, Mr. Williams said. The board recently hired an executive to analyze this area and write an investment policy on the asset class, he said. Cash flow will be used to fund the increase.