Ex-Carlyle Partner Picked For New Jersey Investment Council

May 12 2010 | 2:50am ET

New Jersey’s State Investment Council is headed by a hedge fund manager and big-time Democratic Party donor. So the Garden State’s new Republican governor is hoping to add some alternatives balance.

Gov. Chris Christie yesterday nominated private equity veteran Robert Grady to the 13-member board. Grady, who lives in Jackson Hole, Wyo., served as budget adviser to Christie’s transition team.

Grady is a managing director at Denver-based p.e. firm Cheyenne Capital Fund and is a former partner at the Carlyle Group. He was one of three nominees to the Investment Council, led by Boston Provident Partners chief Orin Kramer, sent by the governor to the state Senate.

Kramer’s term as chairman of the council, which oversees $68 billion on behalf of New Jersey’s public pensions, expires in September.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of