Florida seeks compliance consultant

Florida State Board of Administration, Tallahassee, wants at least one consultant to provide a compliance evaluation of its investment management, custodial, trading and other programs for the $183 billion in assets it oversees, including the $136 billion Florida Retirement System. The evaluation would include an analysis of compliance with investment policy guidelines for all the FSBA’s classes of assets, as well as with accounting, fiduciary and regulatory requirements, and offer recommendations for improvement. The board could make selections June 24.