New Jersey Division of Investment

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  1. New Jersey Pension Fund trustees want judgment on withheld contributions

    trueThe trustees of the three largest pension plans in the New Jersey Pension Fund sued the state in an effort to increase the amount of money the state has contributed and will contribute to the $79.1 billion plan.

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  1. New Jersey slates $1 billion for private equity, hedge funds

    trueThe New Jersey Division of Investment, which manages investments for the $79.1 billion New Jersey Pension Fund, committed or invested up to $1 billion to six alternative investments.

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  2. New Jersey governor slashes state pension contribution in FY 2016 budget

    trueNew Jersey Gov. Chris Christie on Friday used a line-item veto to reduce the amount of money approved by the Legislature for a state payment to the $79.2 billion New Jersey Pension Fund, Trenton, for the fiscal year starting July 1.

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  3. New Jersey hires TorreyCove as primary private equity consultant

    trueNew Jersey Division of Investment hired TorreyCove Capital Partners as private equity consultant for the $79.2 billion New Jersey Pension Fund.

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  4. N.J. contribution ruling called "double-edged sword'

    trueThe New Jersey Supreme Court's ruling that allowed the state to renege on a pension funding promise is seen as “a double-edged sword” by ratings agencies.

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  5. New Jersey pension fund on defensive over $600 million in manager fees

    trueNew Jersey's pension fund overseers defended their investments in hedge funds, private equity and real estate even as lawmakers and public unions criticized the increasing fees paid to outside managers.

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  6. N.J. council may sell PE fund stake because of payday loan investment

    trueThe chairman of the New Jersey State Investment Council says the state Treasury Department should prepare a plan by late July to address a controversial private equity investment made by JLL Partners on behalf of the $79.2 billion New Jersey Pension Fund, Trenton.

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  7. New Jersey commits nearly $1.2 billion, redeems 2 hedge funds

    trueThe New Jersey Division of Investment committed up to $1.175 billion for the $79.2 billion New Jersey Pension Fund.

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  8. New Jersey Division of Investment seeks public equities portfolio manager

    trueNew Jersey Division of Investment is searching for a portfolio manager, public equities, for the $78 billion New Jersey Pension Fund, which the division oversees.

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  9. Christie vetoes N.J. bill on political contribution restrictions, pension fund fee disclosure

    trueNew Jersey Gov. Chris Christie vetoed legislation that would have expanded the scope of restrictions on political contributions made by money managers doing business with the $77.1 billion New Jersey Pension Fund.

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  10. 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.

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  11. 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.”

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  12. 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.

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  13. 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.

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