State of Florida Board of Administration, Tallahassee, is shifting $4...

State of Florida Board of Administration, Tallahassee, is shifting $4 billion this month to international developed market managers from domestic equity managers, said Scott Seery, chief of international equities. The $98 billion fund currently is fully weighted in emerging markets, he said. Last month, the fund raised its allocation to international equities to 12% from 8%; cut its domestic equity allocation by three percentage points, to 55%; and cut domestic fixed income by one percentage point, to 25%.