The Florida State Board of Administration, Tallahassee, hired Aberdeen Asset Management to run $120 million in active emerging markets equities, said Michael P. McCauley, director of investment services and communications for the board, which oversees $118 billion in pension assets. Funding came from a reallocation of assets, said Mr. McCauley. No managers were terminated.
The Florida State Board of Administration , Tallahassee, hired...
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