One of these hedge fund managers - Florida PRIME, run by Florida's State Board of Administration - manages up to 40% (approx. $ 1.4 billion) of the aforementioned county portfolio. This amount is invested at PRIME's discretion and often includes corporate bonds from companies that have been identified to willingly, knowingly, and directly involve themselves in practices that include: immigrant abuse, state violence, mass incarceration, genocide and ethnic cleansing, surveillance, and other human right abuses.

In light of the above, we believe that there are multiple reasons on which to divest from Florida PRIME- including ethical reasons, transparency reasons, and fiduciary reasons. The short version is that divestment (i) pulls public funds from corporative activities that do not align with Orange County constituent's values, (ii) ends a form of investment often run with little to no constituent oversight or agency, and (iii) replaces a form of investment practice which prioritizes the yield of taxpayer investments rather than security, making it financially imprudent as well.

Given the above, Orlando DSA invites community members who are interested in supporting this divestment campaign to fill out the following form. It's a great way for to keep in touch and keep building this divestment initiative, as well as other related projects.

Thank you so much for reading! We look forward to hearing from you soon.