New Jersey State Investment Council - March 2007

“Hedge funds are more controversial in New Jersey than in any other state,” says Orin Kramer, chairman of the New Jersey State Investment Council, which makes the investment decisions for the $69bn New Jersey state pension fund for public employees. “To some people, investing in hedge funds is the equivalent to using drugs,” he adds


Noting that New Jersey’s pension fund is unique in that “it had never used an outside manager,” Kramer says “there’s no state where diversification has been as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: