New Jersey to plough a further $3.7bn into alternatives

The $75bn (€59bn) New Jersey State Pension Fund has become the second US state fund in a month to increase its allocation to hedge funds.

The move by the fund to add a further $3.7bn to hedge fund investments follows a decision earlier this month by Oregon State to shift capital to hedge funds.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.