Florida invests in high-tech
Florida plans to invest $1.95 billion from its pension fund assets in high-tech fields, such as alternative energy, life sciences and aerospace. The investment is 1.5 percent of the state’s $130.2 billion in pension fund assets. Florida Gov. Charlie Crist signed Senate Bill 2310 into law in May, doubling the amount the state will sink into alternative investments, such as private equity funds, from $9.2 billion to $18.4 billion.