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…
New Jersey Redeems From BlueCrest Citing “Underperformance”
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports