Boating, fishing, reading, cooking, riding motorcycles * Recent Reading: "Kitchen Confidential" by Anthony Bourdain Last month, Ash Williams returned to Florida to take over as the executive director and chief investment officer of the State Board of Administration. The first home that I ever had was actually an apartment building that I built while I was in graduate school, and I think the mortgage I had was 13 and a quarter, and at the time I got it I thought I was a genius for bagging money at such a cheap price. A hedge fund simply means a fee structure in which the investor pays a management fee to the fund manager and also pays a portion of investment gains to the fund manager, and the underlying investment strategies of hedge funds are as diverse as any other investment vehicles. [...] the last point, which I think is very relevant for working in a public pension fund, never invest in anything you can't explain, ideally to a child.

Inflation
Investment policy
Tax basis
Investment advisors