Florida State Board of Administration Finance Corporation (PRIVATE.FLSBAFC)

The State Board of Administration (SBA) is created by the Florida Constitution as Florida's principal independent Investment Management Organization. The SBA is primarily responsible for investing the proceeds of the Florida Retirement System Pension Plan, administering the Florida Retirement System Investment Plan, managing the Florida Hurricane Catastrophe Fund and running Florida PRIME, as well as investing the proceeds of more than 25 other funds directed to the SBA by the Florida Legislature. The SBA is governed by a three-member Board of Trustees (Trustees), comprised of the Governor as Chair, the Chief Financial Officer and the Attorney General. In concert with legislative directives, the Trustees have ultimate oversight. They delegate authority to the Executive Director and Chief Investment Officer to carry out the strategic direction in the day-to-day financial investments and operations of the organization. The Executive Director and CIO manages approximately 200 professional investment and administrative support staff.