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Dennis MacKey

Florida’s pension fund’s BP holdings down $67 million

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Florida’s pension fund, the fourth-largest in the nation, has seen the value of its BP investments plunge more than $67 million since the April 20 explosion of the Deepwater Horizon rig, but the paper loss is still too small to seriously threaten the fund’s $112.4 billion bottom line, managers said today. The Florida Retirement System’s investment in BP stocks and bonds was worth $169.4 million last week, down $67.1 million since the accident that killed 11 workers and unleashed the…

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Florida’s pension fund’s BP holdings down $67 million

in Statewide by

Florida’s pension fund, the fourth-largest in the nation, has seen the value of its BP investments plunge more than $67 million since the April 20 explosion of the Deepwater Horizon rig, but the paper loss is still too small to seriously threaten the fund’s $112.4 billion bottom line, managers said today. The Florida Retirement System’s investment in BP stocks and bonds was worth $169.4 million last week, down $67.1 million since the accident that killed 11 workers and unleashed the…

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