N.J. May Boost Hedge Fund Deals to Guard Against Equity Losses
The 12th-largest U.S. public pension would boost hedge fund allocations to 6.75 percent of assets, or $4.5 billion based on the current value of the fund, from 4.3 percent, or $2.9 billion, according to the March 12 memo obtained by Bloomberg News, written by Ray Joseph , acting director of the New Jersey Treasury’s Investment Division.
