New Jersey Pension Hires Deputy Director

New Jersey’s Division of Investment, the department that manages assets for the state’s pension systems, has hired Corey Amon as its new deputy director. From Chief Investment Officer: The New Jersey Division of Investment has hired a deputy director to help manage $80 billion in state pension fund assets. Corey Amon joins the fund from the corporate ...

Advisors Question Hedge Fund Fee Structure

In light of CalPERS’ recent pullback from hedge funds, scores of investment consultants are coming out of the woodwork advocating for changes to the “2 and 20” fee structure traditionally used by hedge funds. Towers Watson research chief Damien Loveday told the Wall Street Journal yesterday: “We believe a better way of tackling fees is by assessing ...

New Jersey Lawmaker Pushes For Stricter Pay-To-Play Rules For Pension Investments

SEC rules prevent pension funds from investing with firms that have made political contributions to politicians with any control over the pension fund’s investment decisions. But a New Jersey Senator wants the state to go even further. Reported by The law that restricts the state pension fund from investing in firms whose investment ...
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