Despite market volatility, Florida state pensions to continue record of positive gains
In a volatile year for the stock market, Florida’s $143 billion pension fund managed to eke out a gain in the recently concluded fiscal year, keeping a positive streak alive that has extended since a 19 percent drop in 2009. Ash Williams, executive director of the State Board of Administration, which manages the fund, described the market volatility as a “circular roller coaster” in a March report to Gov. Rick Scott and the Cabinet. The ride continued through the end…