New Jersey Hires Scopia, Boosts BlackRock, GoldenTree

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…