New Jersey’s public pension plan is seeking to redeem its full interest in BlueCrest Capital International because it has “underperformed expectations”.
The New Jersey Division of Disinvestment is also seeking to redeem its full $148.6 million interest in Regiment Capital Fund as of July 1.
New Jersey pulls out after adding $100 million last year
New Jersey originally invested $200 million with BlueCrest in 2012 and enhanced that by $100 million last year as part of a broader program to reduce risk by expanding relationships with firms that had performed well during periods of turmoil.
However, the State Investment Council said Wednesday that it submitted to redeem its full interest in BlueCrest Capital...
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