This content is from:APP亚博娱乐
NJ Hikes Alt Investments Limit
The New Jersey State Investment Council has allowed state’s pension system to increase its investments in alternative investments.
TheNew Jersey State Investment Councilhas allowed state’s pension system to increase its investments in alternative investments,Pensions & Investmentsreports. The pension funds will be allowed to place 38% of assets in alternative investments from the current limit of 28%.
The four alternative investment categories are real estate (9%), real assets (7%), private equity (12%) and absolute return (15%). The new rules are set to take effect in May 2011.
Click here for the story fromPensions & Investments.