New Jersey picks up heads of real assets, fixed income
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New Jersey Division of Investment, which manages investment for the $83.3 billion New Jersey Pension Fund, Trenton, made some recent appointments and promotions.
The personnel changes were announced Jan. 27 at a virtual meeting of the State Investment Council, which formulates policies for the division of investment, a unit of the state Department of the Treasury.
Niraj Agarwal was named head of real assets, effective Jan. 4. Most recently, Mr. Agarwal was a portfolio manager at the $447.9 billion California Public Employees Retirement System, Sacramento, with responsibility for investment activity, strategy and research in the real assets asset class, Treasury Department spokeswoman Jennifer Sciortino said in an email. The position is new.