Creativity not compromise is at the heart of New Jersey’s hedge fund mix

December 05, 2012  

Read more:



The Garden State has shaken an elaborate hedge fund cocktail


By Ann C. Logue

 
  Tim Walsh
 
 
The investment policy for the State of New Jersey Division of Investment is quite simple, says its director, Tim Walsh. It is to achieve the best possible return at an acceptable level of risk while using the highest fiduciary standards. Unlike most public pensions, the bulk of New Jersey’s money is managed in-house, which encourages creativity. “When it comes to alternative investments, we’re trying to do big ticket investments with innovative structures,” says Walsh.

The Division of Investment, which is based in Trenton, manages $71 billion in pension assets. The money provides retirement benefits to most state and municipal workers in New Jersey. The pension fund has six components: Teachers’ Pension & Annuity Fund, Public Employees’ Retirement System, Police & Firemen’s Retirement System, State Police Retirement System, Judicial Retirement System, Consolidated Police & Firemen’s Pension Fund, and the...

TAKE A FREE TRIAL

The full contents of this article are available to active InvestHedge subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to InvestHedge.

Subscribe

Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now



Data

April 2013 Fund of Funds

Composite
Index Composite
InvestHedgeApr 13YTD%
Composite0.80%4.06%52%
Arbitrage USD0.71%3.46%49%
Asian Pacific Fund of Funds1.99%6.84%56%
Commodities-1.02%-1.49%61%
Distressed0.82%3.84%46%
Emerging Managers0.61%4.06%40%
Emerging Markets Hedge USD0.08%3.23%53%
European Equity EUR0.59%4.66%60%
European Multi Strategy EUR0.62%4.74%82%
Fixed Income USD0.92%4.02%62%
Global Equity USD0.59%5.62%49%
Global Macro Currency USD2.73%4.93%69%
Global Multi Strategy EUR0.83%3.93%48%
Global Multi Strategy USD0.69%3.95%47%
Leveraged Global Multi-Strategy USD1.34%5.10%74%
Self-Invested Fund of Funds USD0.92%3.67%97%
US Equity0.16%5.43%72%

More indices