N.J. Pension Alts. Chief Quits

Mar 29 2012 | 9:34am ET

New Jersey's public pension funds are losing one of the architects of their alternative investments strategy.

Christine Pastore will leave the New Jersey State Investment Council tomorrow. In seven years at the $70.5 billion system, Pastore, co-head of alternative investments, oversaw the construction of the now $17 billion portfolio, which also has $20 billion in commitments. Pastore informed the council she'd resign in January.

Pastore told Pensions & Investments that she expects Jason MacDonald, head of alternative credit, to become senior portfolio manager of private markets.

"I've decided to take some time off and figure out what's next," Pastore told P&I.

"I've been running like a bull for seven years."

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