New Jersey Division of Investment
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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.
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.
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.
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.
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.
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.
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.
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.
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.