Institutional Investors

New Jersey also scoops up Scopia Capital


The New Jersey Division of Investment is in process of finalising a $150 million allocation to long/short equity manager Scopia Capital.

Scopia, also a new allocation over the summer for the Ohio Public Employees Retirement System, would be part of a 4.5% slice of the absolute return allocation that is labelled global-oriented equity hedge funds. Right now, the hedge fund segment allocations are below their percentage limits in the hedge fund portfolio, which may total up to 15% of the $71 billion pension fund portfolio (see page 10).

Other recent commitments at New Jersey include $150