Boston Provident’s Kramer Takes Leave From N.J. Pension Council

May 14 2010 | 1:12am ET

Boston Provident Partners head Orin Kramer is taking a leave of absence from the New Jersey State Investment Council.

The hedge fund manager has headed the council, which invests $68 billion on behalf of the Garden State’s public pension funds, will be away at least through its May 20 meeting. He will continue to work at Boston Provident, Bloomberg News reports.

In Kramer’s absence, Jonathan Berg, the council’s vice chairman, will chair meetings.

Berg told Bloomberg that Kramer’s leave was due to family reasons.

Kramer’s term as chairman is set to end in September. He was appointed in 2002 by then-Gov. Jim McGreevey, a Democrat. New Jersey’s current governor, Chris Christie, this week appointed three new members to the council.

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