New Jersey will be able to invest some pension money in alternative investments, after a court rejected a union bid to keep the money out of them.

The Massachusetts Pension Reserves Investment Management Board has made $540 million in allocations to three portable alpha fund of hedge funds managers as part of a strategic shift.

Big changes are underway for the Fresno County (Calif.) Employees Retirement Association.

The $13 billion Montana Board of Investments has issued a request for proposal for fund of hedge funds managers through separately-managed accounts or commingled fund of funds.

Just days after calling for more exposure to alternatives, New York State Comptroller Thomas DiNaPoli is forging ahead with new commitments to a pair of hedge funds and a private equity vehicle.

The $38.4 billion Teachers’ Retirement System of the State of Illinois is boosting its 130/30 portfolio by increasing its commitments to a pair of existing managers.

The $153.9 billion New York State Common Retirement Fund posted a 2.56% return for the 2007-2008 fiscal year, but it could’ve done better if not for the fund’s constraint on alternative investments.

The $13 billion State of New Mexico Public Employees Retirement Association is upping its commitments to private equity funds while it bids farewell to one hedge fund manager.

Goldman Sachs’ hedge funds have taken a beating, and it has not gone unnoticed among pension fund clients.

The $37 billion Alaska Permanent Fund Corp.’s board of trustees has approved a $400 million allocation to private equity gatekeeper Pathway Capital Management.