The New Jersey Division of Investment allocated another $200 million to Rock Creek-RC Woodley Park as part of its commodity portfolio.
The $67 billion portfolio originally invested $150 million with Rock Creek in September 2006. Since then the fund has earned a cumulative net return of 13.7%, outperforming both the benchmark and the S&P 500. According to meeting minutes, the Division of Investment was able to negotiate a reduction in management fees for the newly committed capital. The State Investment Council has a proposed an increase in the actual allocation for commodities, which