
Manager Selection
CIO of New Jersey Police and Fire Pension Resigns
The resignation follows an ethics probe into his behavior at a previous pension fund.
Former police sergeant made claims in Facebook posts that COVID-19 didn’t cause disabilities.
At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
Alert of higher fees charged comes as Department of Labor clears way for PE in 401(k)s.