Tag: Phil Murphy

Newsmakers June 24, 2020

Black-Owned Asset Manager Sues NJ Pension Fund, BlackRock for Racial Bias

State officials purportedly admitted the agency had ‘an aversion’ to minority-owned firms, the lawsuit says.

Coronavirus - COVID-19 May 27, 2020

New Jersey to Postpone Pension Payments

A September payment has been deferred to October, or the start of the next fiscal year, as the state makes deep cuts and deferrals to stanch revenue losses.

Market Moves May 1, 2020

New Jersey Likely to Cut Pension Contributions, S&P Global Says

The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.

Coronavirus - COVID-19 March 27, 2020

New Jersey Freezes Nearly $1 Billion in Spending Over COVID-19

Economic impact of virus could lower state pension valuation.

Alternatives May 31, 2019

New Jersey to Cut Its Hedge Funds in Half

Pension fund plans to boost Treasury bonds, private equity investments.

Newsmakers May 8, 2019

Alternatives Are Moving New Jersey’s Funding Needle

How the floundering pension employed them to better its funding status during a rough 2018.

Newsmakers July 6, 2018

NJ Gov. Shifts Police, Firefighter Pensions to Unions

Moving the $26 billion retirement plan eases their concern that it may end up bailing out weaker plans.

Industry White Papers

Investing in Real Estate, Look to New York—Here’s Why Capitalizing on near-term opportunities

2020 Long-term Capital Market Assumptions Q2 Update

Emerging Markets and Covid-19: Crisis or opportunity…or both? 2020 will be a challenging moment for Emerging Markets’ economies. But there will likely be a wide open Emerging Markets “door” that sees governments fall back on privatisation to bridge fiscal holes. In an environment of tight domestic monetary conditions and reduced cross border flows, the buyers of these assets have considerable advantage.

Meditations in an emergency Multi-Asset Strategist Adam Berger discusses the macro and market impact of the coronavirus and offers his "playbook" for the coming weeks and months, including thoughts on rebalancing and opportunistic investments.

The Power of Portfolio Flexibility Many investment managers apply strict portfolio constraints under the guise of risk management best practices. This paper examines the costs of those investment constraints and how an unconstrained investment approach can be key in generating long-term excess returns.

Quantitative Science—Actively Adding To Fixed Income Decisions Quantitative vs. active debate? This issue of Franklin Templeton Fixed Income Markets explains how our “active quant” approach sets us apart.