Florida State Board of Administration, Tallahassee, hired Callan Associates as a specialty consultant to advise on all asset classes, said Coleman Stipanovich, interim executive director. Ennis Knupp is general consultant to the $84 billion system.
Separately, the system changed its domestic equity benchmark to the Russell 3000 from the Wilshire 2500 index and adopted relative performance benchmarking using the Trust Universe Comparison Service to compare performance against peers at the total fund and asset-class levels, Mr. Stipanovich said.
