Garden State Makes $6 Billion Alts Commitment

Jan 29 2008 | 6:00am ET

The $81 billion New Jersey Investment Council is looking to commit a total of $6 billion to private equity, real estate and hedge funds by June, FINalternatives has learned.
 
In an internal memo to the state’s investment council, investment director William Clark is recommending a total of $1.7 billion be invested directly into hedge funds, with 24% allocated to long/short funds, 21% to distressed strategies, 21% to multi-strategy funds, 19% to credit strategies and 15% to event-driven funds.


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