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Florida chief financial officer says Sen. Mike Fasano should have access to SBA records

TALLAHASSEE — Chief Financial Officer Jeff Atwater says state Sen. Mike Fasano should be allowed to review documents from the State Board of Administration regarding a $125 million pension investment.

Fasano previously had requested the documents from SBA executive director Ash Williams but was told they would cost $10,750 to produce.

In a letter sent to Williams Thursday, Atwater said Fasano, R-New Port Richey, should not be charged to access publicly available records.

At issue is the SBA's decision to invest public pension money in a hedge fund called Starboard Value and Opportunity, a spinoff of Ramius LLC. Williams signed off on the investment in 2010 after exchanging e-mails with Ramius' president, Thomas Strauss. Strauss was a client at Fir Tree Partners, a hedge fund where Williams was a managing director before taking over the SBA in October 2008.

Earlier this week, Attorney General Pam Bondi called the $10,750 invoice to review the records "indefensible."

Florida chief financial officer says Sen. Mike Fasano should have access to SBA records 10/06/11 [Last modified: Thursday, October 6, 2011 11:51pm]
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