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Florida Terminates BlackRock Management of $2 Billion Because of ESG
Pensions & Investments
Dec. 1, 2022 "Florida Chief Financial Officer Jimmy Patronis announced the state's Treasury department is terminating BlackRock from the management of $2 billion in the state's long-duration portfolio and its short-term investment fund.... The Florida State Board of Administration in August passed a resolution that all decisions related to the investment management of the $170.9 billion Florida Retirement System will not include ESG considerations." |
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