New Jersey Division of Investment
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New Jersey rehires Cliffwater as hedge fund consultant
trueNew Jersey Division of Investment rehired Cliffwater as hedge fund consultant.
Public pension funds play supporting roles in state elections
truePublic pension plans are being hit with a mixture of ethics complaints, ballot initiatives and election contests, with candidates using pension reform as an appeal to voters.
New Jersey union files pay-to-play complaint on pension fund investments
trueThe New Jersey State AFL-CIO is calling for the State Ethics Commission to investigate whether political contributions benefiting Gov. Chris Christie and the Republican Party improperly influenced investments in hedge funds and private equity made by the State Investment Council, and the role of ...
S&P downgrades New Jersey bonds on pension liability concerns
trueStandard & Poor’s Ratings Services is lowering its rating on New Jersey’s general obligation bonds to A from A+ in part because of the worsening condition of the state’s pension funding ratio.
Christie names pension study commission members
trueNew Jersey Gov. Chris Christie on Friday said he had chosen nine people to serve on a commission that will make recommendations to improve the state’s public pension and health benefits systems.
Christie creating panel to recommend potential N.J. pension reforms
trueNew Jersey Gov. Chris Christie on Friday announced he would appoint a commission to analyze the state's system for providing pensions and health benefits, and propose reforms to “preserve reasonable and sustainable programs that do not imperil our state's financial future.”
New Jersey issues call for up to 7 private equity consultants
trueThe New Jersey Division of Investment, Trenton, which manages investments for the New Jersey Pension Fund, is seeking to hire as many as seven consultants for advice on private equity investments.
New Jersey reports preliminary 15.9% return for fiscal year
trueNew Jersey Pension Fund, Trenton, produced a 15.9% return on investments in the fiscal year ended June 30, preliminary figures released Tuesday show.
Co-investing entering new arena: Hedge funds
trueInstitutional investors increasingly are translating co-investment experience in private equity, real estate, infrastructure and energy funds to their hedge fund portfolios.
New Jersey seeks senior alternatives professionals for pension fund
trueNew Jersey Division of Investment, which manages investments for the $78.6 billion New Jersey Pension Fund, is seeking to hire “senior alternatives investment professionals” with backgrounds in real estate, private equity, real assets and/or hedge funds.
Gov. Christie vetoes full pension payment in state budget
trueNew Jersey Gov. Chris Christie signed a $32.5 billion state budget for the fiscal year that started Tuesday, making good on comments that he would veto new taxes and would withhold most payments to the $76.8 billion New Jersey Pension Fund so he could balance the budget.
Gov. Christie wins court ruling on pension contribution cuts
trueNew Jersey Gov. Chris Christie won a key ruling when a judge ruled that he was within his rights to cut contributions to the $76.8 billion New Jersey Pension Fund for the year ending June 30.
New Jersey earmarks $250 million to Dyal Capital Partners
trueNew Jersey Division of Investment committed up to $200 million to Dyal Capital Partners II, with an additional allocation of up to $50 million for co-investment opportunities.
Christie defends decision to slash N.J. pension contributions
trueAttorneys for New Jersey Gov. Chris Christie said his decision to withhold certain state payments to the New Jersey Pension Fund for the current fiscal year and the next fiscal year is legally permissible so he can meet his constitutional duties of preparing balanced budgets.
N.J. Senate Democrats' budget plan includes full pension payment
trueNew Jersey Senate Democrats proposed a rival budget plan to Gov. Chris Christie's that would make a full pension payment while raising taxes on corporations and the wealthy.