Institutional Investors

New Jersey expands, adds $100m to BlueCrest


The $72 billion New Jersey Division of Investment continues to be active when it comes to hedge funds with its latest allocation to BlueCrest Capital Management.

Earlier this year trustees invested $100 million of a $200 million commitment to the firm as part of New Jersey’s $400 million absolute return strategy.

Overall the state pension system has $6 billion committed to hedge funds of which $953 million has yet to be allocated, according to public documents. Cevian Capital, which was an investment presented to the board in January, also received $50 million of a $150 million commitment in