TALLAHASSEE, Fla. (AP) - A Florida state senator wants to force the state's massive pension fund to turn over records related to a $125 million investment.
State Sen. Mike Fasano, R-New Port Richey, on Monday asked the state Senate to subpoena records from the State Board of Administration detailing its decision to hand over money to an investment firm that specializes in shaking up companies.
Fasano made his request after Ash Williams, the executive director of the pension fund, said it would cost nearly $11,000 to turn over records the state senator wanted related to the state's investment in Starboard Value.
Williams contends it would cost that much in order to meet state laws regarding confidentiality of investments. But Fasano has questioned whether Williams is trying to shield a secret deal from the public.
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