Thursday, 28 May 2015
Last updated 1 hour ago
Nov 9 2012 | 9:59am ET
The New Jersey Division of Investment has boosted its alternative investment portfolio by some $650 million.
The $70.6 billion pension system hired Scopia Fund Management, Pensions & Investment reports, to manage a $150 million long/short equity mandate. Scopia's fund focuses on small- and mid-cap stocks.
The Garden State also gave a big vote of confidence to BlackRock Private Equity Partners' SONJ Private Opportunities Fund, doubling its investment in the separate account co-investment vehicle to $800 million. And it added $100 million to an existing $150 million invested with GoldenTree Asset Management's bank-loan fund, Credit Opportunities.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…