New Jersey Hires Canyon Capital, Astenbeck

Jul 14 2011 | 2:25am ET

The Garden State's main public pension fund is set to invest in two hedge funds new to the system—which is also on the lookout for even more, as it seeks to fill a newly-doubled hedge fund allocation.

The New Jersey State Investment Council has approved a pair of nine-figure investments. The $74.7 billion pension will invest up to $125 million in Canyon Capital Advisors' Balanced Fund and up to $100 million with Astenbeck Capital Management's Commodity Fund, HFMWeek reports.

What's more, the Council is looking to add Asian hedge funds in the wake of its decision to increase the pension's allocation to 10% from 5%.

"We would really like to look at some good hedge funds focused on India and China—most likely in long/short equity strategies where we would feel safe in finding somebody," Maneck Kotwal, hedge fund investment officer, told Asia FM.

In Depth

Q&A: Biotech Investing with Crossover Fund RA Capital

Sep 15 2015 | 5:40pm ET

Boston-based RA Capital Management is an intriguing mix of sophisticated life sciences...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events