Live Breaking News & Updates on ஜெர்சி ஓய்வூதியம் நிதி
Stay updated with breaking news from ஜெர்சி ஓய்வூதியம் நிதி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
N.J. governor proposes to fully fund pension system in upcoming fiscal year pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
New Jersey cuts bonuses to alternatives managers by 3.5% Print New Jersey Division of Investment, which handles investments for the New Jersey Pension Fund, Trenton, reduced the amount of bonuses paid to external alternatives managers by about 3.5% for the fiscal year ended June 30. The bonuses, known as performance allocations, totaled $239.8 million for the recently completed fiscal year vs. $248.6 million for the year-earlier period. These bonuses are paid to management firms that exceed certain goals. The bonuses were paid to managers of hedge funds, private equity, real estate funds, real asset funds, opportunistic fund and global diversified credit funds, said an annual report by the State Investment Council, which formulates policies for the division. The report is posted on the division s website. ....
New Jersey picks up heads of real assets, fixed income Print 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. ....
New Jersey Pension Fund sees 14.8% return BLOOMBERG NEWS New Jersery state lottery contributed $500 million to the state pension fund in the last six months of 2020. The New Jersey Pension Fund, Trenton, posted a return of 14.81% for the six months ended Dec. 31, according to preliminary data prepared by the division of investment, a unit of the state Department of the Treasury that manages investments for the $83.3 billion pension fund. The returns, net of all fees for the first half of the pension fund s current fiscal year, topped the benchmark of 13.94% The results were presented in a division report Wednesdayto the State Investment Council, which formulates policies for the division. ....
New Jersey preps search for emerging markets, international small-cap equity Print New Jersey Division of Investment, which handles investments for the New Jersey Pension Fund, Trenton, will issue an RFP next month for investment advisers to provide non-discretionary advice for emerging markets equity and international small-cap equity. The division described its intention Wednesday in a report to the State Investment Council, which formulates policy for the division, a unit of the state Department of the Treasury. The division currently has five emerging markets investment advisers, the report said. These firms provide non-discretionary investment advice for a total market value of about $5.7 billion of the pension fund s $83.3 billion in assets, the report said. ....