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."


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...