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New Jersey chair calls for allocation review

Chair of the investment council of the $70 billion State of New Jersey’s Division of Investment, Robert Grady, has called for a new asset allocation plan, pointing in particular to the fund’s cash position which sits at around 2.75 per cent. The fund has also been overweight its domestic equity allocation by about 6 per […]

New Jersey hunts for consultants

The New Jersey Investment Council, which manages the state pension funds, is looking for a general investment consultant and consultant for three specialist investment classes.