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How N.J.’s public pension investments performed compared to U.S.

Person dumping money into a toilet bowl

By Samantha Marcus | NJ Advance Media for NJ.com
on April 13, 2017 at 8:15 AM, updated April 13, 2017 at 8:51 AM

TRENTON — State-run government pension funds spent $10 billion on fees and performance bonuses in 2014 to private managers of their alternative investments, a strategy that has stirred controversy in New Jersey.

The report from the Pew Charitable Trusts found that the 73 largest state and local public pension funds invested about half their assets in stocks, a quarter in bonds and cash, and a quarter in such alternative investments as hedge funds, real estate and private equity.

New Jersey’s portfolio at the time varied only slightly from that typical makeup, with 45 percent of its assets in equities, 28 percent in fixed income and 27 percent in alternatives.

Two of the 73 funds didn’t invest in alternatives, while 21 had at least 30 percent of their assets invested in them and five had at least 40 percent invested.

https://www.nj.com/politics/index.ssf/2017/04/njs_public_pension_investments_performed_above_ave.html#incart_river_home_pop

One thought on “How N.J.’s public pension investments performed compared to U.S.

  1. Above photo might be the VOR River of cash going into the Parking Meters, and via train passes and
    Enforcement penalties for fines for over the white line parking or overstaying your window shopping moods while walking in
    Ridgewood.Strolling is Ok but you gotta pay the Man..

    its ass backwards folks..Merchants have to see the Meters and enforcement as a serious visitor problem
    ..we all see small shops closing each day,jewelry stores ,tailors and small boutique retail..start up restaurants and cafes..sporting good stores etc,, Internet hollows out many but we need to focus on our welcome wagons

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