New Jersey opens up to Next Gen managers
New Jersey already invests 18 per cent of its $11 billion private equity programme with emerging managers. Now it's rolling out its platform to Next Generation real estate and private credit managers too
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New Jersey eyes private credit opportunities
The investment team at New Jersey Division of Investment explain why they are bullish on private credit, and flag trends in increasingly large capital raises by external managers. This risks pension fund assets not being allocated but sitting with 'asset gatherers' more focused on management fees.
Funds count costs of external asset management
Cost is the flagrant motivation in the trend for US pension funds to move assets in-house, but as this article explores, budgets also need to extend to the demands of investment research, travel and staff incentive compensation.
New Jersey leads flight from equities
The New Jersey Division of Investment, which manages the $67.3 billion in state pension funds and was the best-performing US fund last year, has made some dramatic changes to its asset allocation in line with its objective of relying less on public equities for returns.
Strong internal team powers New Jersey fund
The $68 billion New Jersey Division of Investment (NJDI) has made claims to be the best performing public pension fund in the US in fiscal year 2009. This is made all the more impressive considering the internal investment team, which manages a large majority of assets, numbers only 16. Amanda White looks behind the scenes
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