New Jersey unwinds credit investments

Fri Mar 6, 2009

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The $59 billion New Jersey Division of Investment is redeeming from two credit hedge funds, after saying last month it planned on acquiring funds handled by top managers at a significant discount to net asset value by buying stakes from existing investors.

Last month, officials made public plans to unwind investments in the GoldenTree Master Fund and Satellite...

ISSN: 2151-1845 / CDC10004H

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