Click here to MyFlorida Home Page  
Clear Dot Image Cabinet Affairs

image

Transcript
Audio
Other Dates

 

AGENDA

MEETING OF THE

STATE BOARD OF ADMINISTRATION

(Contact Person: Dorothy Westwood - 488-4406)

THE CAPITOL

April 24, 2001

  1. Approval of minutes of meeting held April 10, 2001. (Att. #1)

  2. APPROVAL OF PROPOSED ASSET TRANSITION BROKER – MORGAN STANLEY/DEAN WITTER:

    3. This item will be taken up pending action at the Investment Advisory Council/Public Employees Optional Retirement Program Action Committee (IAC/PEORPAC) meeting on April 18th. The attached narrative will be supplemented by a report on the action taken at the IAC/PEORPAC joint meeting, and will be forwarded following that meeting.

    (Att. #2)

  3. APPROVAL OF PROPOSED MEDIA FIRM – KETCHUM COMMUNICATIONS:

    4. This item will be taken up pending action at the Investment Advisory Council/Public Employees Optional Retirement Program Action Committee (IAC/PEORPAC) meeting on April 18th. The attached narrative will be supplemented by a report on the action taken at the IAC/PEORPAC joint meeting, and will be forwarded following that meeting.

    (Att. #3)

  4. PRELIMINARY APPROVAL OF THE FIRST THREE UNBUNDLED INVESTMENT PROVIDERS:

U.S. Bond Active Fund – Enhanced Index - Black Rock

U.S. Bond Active Fund – Core Plus – Deutsche Asset Management

Western Asset Management

High Yield Active Bond Fund – W. R. Huff

Mackay Shields

This item will be taken up pending action at the Investment Advisory Council/Public Employees Optional Retirement Program Action Committee (IAC/PEORPAC) meeting on April 18th. The attached narrative will be supplemented by a report on the action taken at the IAC/PEORPAC joint meeting, and will be forwarded following that meeting.

SBA AGENDA

April 24, 2001

Page two

Preliminary approval of these Unbundled Provider Investment Products signifies the completion of this phase of the investment selection process for products 1-3. All investment product finalists—bundled and unbundled—will be evaluated together for final selection as providers to the PEORP later in the fall. (Att. #4)

5. THE FLORIDA HURRICANE CATASTROPHE FUND REQUESTS APPROVAL OF DR. SNEH GULATI AS CHAIR OF THE FLORIDA COMMISSION ON HURRICANE LOSS PROJECTION METHODOLOGY:

The Florida Hurricane Catastrophe Fund requests that the Trustees approve Dr. Sneh Gulati, statistics expert, Professor at Florida International University, as the chair of the Florida Commission on Hurricane Loss Projection Methodology for the 2001-2002 year. (Att. #5)

  1. REPORT BY THE EXECUTIVE DIRECTOR:

    2. Submitted for information and review is the Fund Activity Analysis for the month of February 2001. (Att. #6)

  2. GOOD CAUSE ITEM:

The staff of the State Board of Administration requests that the Trustees approve changes to the selection and evaluation criteria for institutional investment managers by reducing the required minimum assets in several categories and decreasing the requirement for the length of the product history to four years for small cap active managers. These changes will result in a larger number of candidates being considered.