Below-market salaries lead to brain drain at NJ pension


Republican U.S. presidential candidate and New Jersey Governor Chris Christie formally announces his campaign for the 2016 Republican presidential nomination as his son Patrick looks on during a kickoff rally at Livingston High School in Livingston, New Jersey, June 30, 2015. REUTERS/Brendan McDermid - RTX1IGTN
Low pay has drained New Jersey Division of Investment of its alternative-assets team, State Investment Council members said at a March 29 meeting. Meghna Desai is the third member of the $71.6 billion pension system’s alternative-investment team to step down ...

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