SBA Goes With Familiar Company for Review

November 30th, 2007 | Category: Florida Politics Blog

SBA chose BlackRock to help them figure out what to do about the run on its troubled state-run investment pool. BlackRock is hardly new to managing Floridians’ money. BlackRock gets paid major fees to both advise and invest Florida’s prepaid college tuition fund.

The state has hired the publicly traded investment firm

to come up with an independent financial review of the Local Government Investment Pool and will work through the weekend with SBA staff, according a press release from the governor’s office. The release didn’t say how much BlackRock will get paid for its services.

Original post by Jennifer Liberto

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