Florida State Board of Administration, Tallahassee, is searching for...

Florida State Board of Administration, Tallahassee, is searching for separate account managers or fund of funds managers to run the $84.8 billion system's new distressed debt program, said Lee Baldwin, spokeswoman. The initial allocation of $200 million to $300 million will be funded from money flowing back to the system from large buyout funds that are maturing. Proposals are due Jan. 13; additional information is available on the system's website at www.fsba.state.fl.us.