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SBA chief asks bosses to hold off discussing his reappointment

Ash Williams' bosses were poised to discuss his annual reappointment as executive director of the State Board of Administration during this morning's Cabinet meeting. But Williams asked them to push it back to the next SBA quarterly meeting in December, and SBA trustees Gov. Rick Scott, CFO Jeff Atwater and Attorney General Pam Bondi agreed.

That way, Williams said, they could examine reports of recent meetings of the SBA audit committee and investment advisory council, which are reviewing the agency's investment policies and procedures for public records requests at the request of Atwater. Members of the council agreed in a joint Monday meeting that Williams did not act inappropriately in the agency's $125 million investment in a hedge fund.

"I think the trustees should have the benefit of getting the final minutes and motions and a report directly from those advisory bodies before acting upon this reappointment," Williams said after his Cabinet update.

Atwater agreed, adding he would also like to have an outside report of the agency's compliance with risk management in hand by that time.

"I would respect the executive director's decision," he said.

In other news, the value of the state employee pension fund was $120.3 billion as of Monday.

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