Institutional Investors

Arden, direct managers see $1bn inflows from New Jersey


Jake Walthour
The $70 billion New Jersey Division of Investment had more than $1 billion in proposed hedge fund investments in the works over the past few months, including an add-on allocation to New York-based fund of funds manager Arden Asset Management.

Finding a place in the growing hedge fund programme that is set to expand to total 15% of the overall investment portfolio are Bay Pond Partners Fund, Cevian Capital II, Arden Institutional Advisors Fund, Regiment Capital Fund, BlueCrest Capital, Claren Road Fund and Cadian Fund.

The most recent allocations were proposed at the