Manager Selection
New Jersey Pension Fund Seeks Emerging Private Equity Managers
The state’s Division of Investment invites managers who meet its investment criteria to in-person meetings in July.
But allocators point to opportunities they find when investing with smaller, newer firms.
Falling markets wipe out close to $10 billion in asset value.
Portfolio returns 14.81% in first half of fiscal 2021 as asset value rises to $84.6 billion.
The investment portfolio for the state’s pension fund fell short of its benchmark by more than 2 percentage points.