New Jersey to more than double allocation

Mon Oct 4, 2010

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The New Jersey State Investment Council has approved plans at its monthly meeting to boost the hedge fund allocation to 15% from 7% of the state's $68 billion pension fund.

The move is significant for the pension fund that only started allocating to hedge funds in 2006. Earlier in the year, the State Investment Council boosted the percentage allocated...

ISSN: 2151-1845 / CDC10004H

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