The $81bn (â¬55bn) New Jersey pension plan, a big US public-sector scheme that invested $700m in Citigroup and Merrill Lynch in the wake of the sub-prime crisis, is in talks with a sovereign wealth fund and other large US investors about teaming up on new deals.
William Clark, director of the New Jersey Division of Investment, said that these discussions are still in the early stages but have been going on for about six months, according to the Wall Street Journal, part of Dow Jones which owns Financial News.
