N.J. Could Restrict Hedge Funds That Invest In Casinos

Dec 10 2012 | 5:35am ET

Hedge funds and private equity firms betting on New Jersey casinos could be barred from betting on its political players.

Garden State lawmakers last week introduced bills that would bar alternative investment firms that invest in Atlantic City casinos from making state political contributions. Strict limits could also be placed on how much state pension funds could invest in funds with A.C. investments.

The moves come after it emerged that New Jersey had invested some $200 million in a hedge fund that invests in a new Atlantic City casino.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of