Florida State Board of Administration, Tallahassee, is searching for global macro hedge fund managers.
The FSBA, which oversees $181.9 billion, is not issuing an RFP.
FSBA made its first investment in global macro hedge funds this month, committing $150 million to MKP Opportunity Partners, managed by MKP Capital Management.
Managers interested in consideration for inclusion in the ongoing search may apply by contacting Cambridge Associates, FSBA's hedge fund consultant, at [email protected], said John Kuczwanski, FSBA communications manager.
The board hasn't determined how much it will allocate to macro hedge funds or how many managers it will hire, Mr. Kuczwanski said.
“Typical commitments are $100 million” for each manager, said Mr. Kuczwanski. “I wouldn't expect less than several” managers to be hired.
FSBA hasn't set a timeframe for concluding the search, Mr. Kuczwanski said.