The Florida Bar had an outstanding year for its long-term investments in 2010.
Investment Committee Chair Ian Comisky told the Board of Governors at its January meeting that overall the Bar had an 11.3 percent annual return, “which is remarkable in general and remarkable when considering how conservative the fund is.”
He noted the fund has now more than regained losses from the stock market meltdown in the fall of 2008 and early in 2009.
On a related matter, Comisky reported on a committee recommendation to change the manager of the Bar’s large cap growth fund from Turner Large Cap Growth to Winslow Capital. The board approved that recommendation.
He also said the committee is studying a recommendation from the Bar’s financial advisor to slightly increase investments in mid cap, small cap, high yield, and fixed income funds, while reducing investments in international funds and cash.