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N.J. pensions could invest in the Turnpike and other public assets under new bill
Updated Apr 15, 2021;
Posted Apr 15, 2021
New Jersey Senate President Stephen Sweeney unveiled new legislation authorizing the public pension fund to invest in infrastructure.NJ Advance Media for NJ.com
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Senate President Stephen Sweeney on Thursday announced new legislation allowing New Jersey’s pension funds for public workers to directly invest in public infrastructure to shore up pensions while financing big-ticket improvements in the Garden State.
The proposal could expand the pension system’s investment portfolio beyond equities, bonds and alternatives to include infrastructure investments in water and sewer utilities, toll roads and other assets that will generate cash for the beleaguered pension funds.
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NEWARK, N.J., March 11, 2021 /PRNewswire/ Jacob Walthour Jr., the founder of New Jersey s first and largest Black asset management firm, Blueprint Capital Advisors, is garnering widespread attention for the work his firm is doing for clients and New Jersey s Black community. He was recently recognized as part of the NJBIZ Leaders in Finance Awards and the ROI Influencers Power List 2021. He is no stranger to recognition having been named by
Black Enterprise Magazine as one of the Most Influential Blacks on Wall Street.
(PRNewsfoto/Blueprint Capital Advisors)
Walthour sited for tireless efforts to promote equity in New Jersey including lawsuit against Governor Phi Murphy.