McDonough leaves NJ pension as industry-wide turnover continues

private equity, pension funds, limited partners, chief investment officer, salary and compensation
An illuminated sign depicting people walking is displayed at euro zone's largest bank Santander's headquarters in Boadilla del Monte, near Madrid, February 4, 2010. REUTERS/Sergio Perez
New Jersey Division of Investment
  • Assets under management: $76.8 bln
  • Target PE/VC allocation: 8.25 pct
  • Actual PE/VC allocation: 9.41 pct
  • Why this is important: The continuing turnover at the New Jersey investment division raises questions about whether it is paying enough to attract and retain talent.
The personnel churn continues at New Jersey Division of Investments.  Its director, Christopher McDonough, is the latest to leave the fund. He’ll join Investment Performance Services as co-CIO. A successor has not been named, but Corey Amon, the deputy director, may get McDonough’s position, Institutional Investor reported. Gov. ...

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