Future of New Jersey pension system’s PE program uncertain

New Jersey, pension fund, private equity, Phil Murphy
  • Newly-elected governor wants to divest private equity
  • Ran on populist agenda
  • Pension has been investing in PE since 2005
New Jersey’s massive state pension fund may shift away from private equity once newly elected Gov. Phil Murphy takes the reins in Trenton. Murphy, a Democrat and former Goldman Sachs executive, was elected in November. He campaigned on a populist platform ...

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