NJ public-worker fund diversifies investment firms - NJ Spotlight …

Jul 31, 2023 · In all, New Jersey’s public-worker pension fund backs the retirement benefits for roughly 815,000 current and retired government workers. The fund is financed with …

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NJ Public-worker Pension Fund Returns Nearly 11% | NJ Spotlight …

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Oct 31, 2024 · — Deepak Raj, New Jersey State Investment Council chair. That has allowed state pension fund managers to take full advantage of the favorable market conditions that have …

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N.J. Public Worker Pension Fund Paid $590M To Outside ... - Nj.com

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Jan 29, 2021 · The pension fund for public workers generated a 1.2% return in the fiscal year that ended June 30. ... $73 million for global diversified credit funds, $66 million for real estate …

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Here’s The Latest On How N.J. Public-worker Pension Fund ... - Nj.com

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Jul 22, 2020 · The pension fund had an estimated $74 billion in assets at the end of May, according to a Division of Investment report. The public pension system assumes the fund will …

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N.J. Public Worker Pension Fund Has Raked In Huge Gains So Far

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Jul 26, 2023 · The fund has gained about $5 billion on investments so far this year, bringing its total market value to $88.7 billion as of May 31, according to the most recent report from the …

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New Jersey Public Worker Pension Fund Rebounds By $4B

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Apr 27, 2023 · (TNS) — New Jersey’s public worker pension fund rebounded slightly in the first quarter of 2023, adding about $3.8 billion in market value as fund managers continued to …

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Investment Boom Bumps Up NJ Pension Plan | NJ Spotlight News

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Sep 30, 2021 · The $94.4 billion pension fund covers retirement for some 800,000 current and retired government workers. It is financed with contributions from workers, along with taxpayer …

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N.J. Public Worker Pension Fund Has Gained Nearly $4B On ... - Nj.com

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Apr 26, 2023 · New Jersey’s public worker pension fund rebounded slightly in the first quarter of 2023, adding about $3.8 billion in market value as fund managers continued to navigate …

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NJ Pension Rides Investment Boom - Government Finance Officers ...

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Sep 30, 2021 · The $94.4 billion pension fund covers retirement for some 800,000 current and retired government workers. It is financed with contributions from workers, along with taxpayer …

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Record-High Gains For NJ Public Worker Pension Fund

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Sep 30, 2021 · New Jersey’s public worker pension fund generated a record 28.6% return for the fiscal year that ended June 30, far surpassing the 7.3% assumed rate of return for FY 2021. …

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NJ’s Public Pension Fund Is Healthier. What’s Next ... - NJ Spotlight …

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Sep 15, 2021 · New Jersey’s public-worker pension system, however, is still nowhere near that 80%-funded benchmark because of two decades of state underfunding. But the state does get …

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N.J. Public-worker Pension Fund Reports Hefty Returns. Here

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Jul 23, 2021 · The low investment returns and insufficient funding from the state chipped away at the system’s funding ratio, which fell slightly from 58.6% in July 2019 to 58% in July 2020. The …

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New Jersey Unveils New Platform To Invest With Diverse Managers

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Apr 27, 2022 · The division will commit another $200 million to the Owl Rock Diversified Lending 2020 Fund, managed by Owl Rock Capital for which it previously committed $150 million, …

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Big Gains For NJ Public-worker Pension Investments - NJ Spotlight …

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Jan 28, 2021 · The pension fund’s investment returns, from July 1 through December 2020, totaled 14.8%, easily beating the fund’s assumed rate, according to the preliminary figures. …

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N.J. Public Worker Pension Fund Lost Nearly $10B During Rough

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Oct 26, 2022 · New Jersey’s public worker pension fund lost about $9.7 billion in market value in the fiscal year that ended June 30, bringing the fund’s total value down to $86 billion, its lowest …

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FAQs about NJ public-worker fund diversifies investment firms - NJ Spotlight … Coupon?

Will New Jersey's public-worker pension fund invest $250 million?

New Jersey’s public-worker pension fund is setting aside $250 million to purchase stakes in smaller and newly established investment funds, including those run by diverse fund managers. New Jersey's public-worker pension fund is launching a new investment initiative. ...

Is New Jersey's public-worker pension fund underfunded?

New Jersey’s public-worker pension fund supports the retirements of roughly 800,000 current and retired members. For years it has been one of the nation’s worst-funded state retirement plans, due to chronic underfunding by governors and lawmakers from both major political parties. ...

Did double-digit investment returns boost New Jersey's pension fund?

Double-digit investment returns boosted the pension fund covering the retirements of many public workers in New Jersey during the last fiscal year, according to new data released by the state Division of Investment. ...

What is New Jersey's emerging fund initiative?

New Jersey's emerging fund initiative aims to get in on the ground floor with so-called emerging fund managers and those with more diverse backgrounds than the pension fund has traditionally invested in, according to officials. They discussed this during a public meeting of the New Jersey State Investment Council. ...

Will New Jersey invest in emerging and more diverse fund managers?

New Jersey plans to generate strong interest from local and diverse fund managers in its investment strategy, although it won't prioritize New Jersey-based businesses exclusively, according to Treasury officials. The push to invest in emerging and more diverse fund managers won’t prioritize New Jersey-based investment businesses, but significant outreach to the financial industry is planned for the fall. ...

Is NJ's public pension fund healthier?

NJ’s public pension fund is healthier. What’s next? | NJ Spotlight News For the first time in over a decade, public-worker pension plans across the country are projected to be more than 80% funded, thanks largely to increased employer contributions and a booming stock market. ...