US - New Jersey's Treasury Department can move ahead with planned investments into hedge funds and private equities after a state appeals court rejected a challenge from two of the state's largest unions.
The Treasury Department wants to place an estimated US$9bn of the state's $78bn retirement funds into such investments, but the Communications Workers of America and the New Jersey Education Assoc...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date