BRADENTON, Fla. - The days when local governments in Floridaenjoyed high returns and low management fees on funds they placed with the State Board of Administration-run local government investment pool could be a thing of the past.

Federated InvestorsInc. will become the new manager of the state pool, SBA trustees Gov. Charlie Crist, Chief Financial Officer Alex Sink, and Attorney General Bill McCollumsaid yesterday.

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