New Jersey Division of Investment
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N.J. Education Association breaks off talks with Christie pension fund commission
trueThe New Jersey Education Association on Tuesday announced that “no further discussion will be occurring” with the New Jersey Pension and Health Benefit Study Commission, which has recommended broad changes in the state's pension system.
Moody's further downgrades New Jersey bonds, citing pension shortfalls
trueMoody's Investors Service downgraded New Jersey's general obligation bonds by one notch to A2, citing the state's “weak financial position and large structural imbalance, primarily related to continued pension contribution shortfalls.”
New Jersey commits $250 million to 2 managers, will review pay-for-play rules
trueNew Jersey Division of Investment committed up to $250 million in oil and gas and real estate investment strategies.
New Jersey chooses 12 managers for emerging markets, international small-cap equity
trueNew Jersey Division of Investment plans to hire nine emerging markets equity and three international small-cap equity managers.
Gryphon Investors hires former chairman of New Jersey State Investment Council
trueRobert E. Grady will join private equity firm Gryphon Investors as a partner on March 2, a new position.
New Jersey committee recommends freezing state pension fund, creating cash balance plan
trueThe New Jersey Pension and Health Benefit Study Commission recommended freezing the $76.8 billion New Jersey Pension Fund and creating a new cash balance plan for current and future participants.
N.J. governor's budgeted pension contribution less than half of amount promised
trueNew Jersey Gov. Chris Christie proposed a fiscal year 2016 budget Tuesday that cuts a promised pension payment by more than half a day after a judge ruled he must contribute an additional $1.6 billion to the pension fund for the 2015 fiscal year after Mr. Christie initially withheld that payment.
Blackstone Energy Partners II raises $4.5 billion
trueBlackstone Group has begun investing capital from its second energy fund, Blackstone Energy Partners II, which is “effectively closed” with $4.5 billion.
Fitch: GASB 67 a mixed bag for public pension funds
trueSome public pension funds are reporting higher asset values under GASB 67 because of strong returns in recent years, said a new report from Fitch Ratings.
New Jersey clears Massachusetts governor of pension fund pay-to-play violations
trueThe New Jersey Department of Treasury cleared Massachusetts Gov. Charlie Baker of violating the state's pay-to-play guidelines regarding political contributions by investment management executives whose firms do business with the $76.8 billion New Jersey Pension Fund.
New Jersey investment council exempts Prologis exec on pay-to-play violation
trueThe New Jersey State Investment Council on Thursday granted an exemption to Prologis regarding a policy against political contributions from money managers that do business with the $76.8 billion New Jersey Pension Fund.
New Jersey slates nearly $2 billion in commitments, including $1 billion to Blackstone
trueNew Jersey Division of Investment, which manages investments for the $76.8 billion New Jersey Pension Fund, is expanding its relationship with Blackstone Group, adding several new commitments worth up to $1.05 billion.
New GASB rules result in New Jersey's funded status plummeting to 44%
trueNew Governmental Accounting Standards Board regulations have led to a big dip to an already-low funded status for the New Jersey Pension Fund.
New Jersey earmarks $100 million for Asia real estate fund
trueNew Jersey Division of Investment committed $100 million to Real Estate Capital Asia Partners IV, an opportunistic non-core real estate fund managed by SC Capital Partners.
New Jersey Division of Investment selects deputy director
trueCorey Amon was named deputy director of the New Jersey Division of Investment, the office in the state Treasury Department that manages investments for the $81.2 billion New Jersey Pension Fund, Trenton.