The New Jersey Division of Investment is a state agency responsible for overseeing investments and providing guidance on regulations and policies. With over $90 billion in assets, it is one of the largest state investment funds in the United States. The Division works to ensure ethical and prudent investment practices that serve the long-term interests of beneficiaries such as pension holders.
Background and History
The New Jersey Division of Investment was formally established in 1950 to consolidate management of the state’s pension assets. Prior to that, assets were managed across different state departments. Bringing oversight into a single agency helped improve consistency, oversight, and returns.
Responsibilities and Operations
The Division of Investment manages assets for several state funds, most notably the public employee pension systems. This includes making investment decisions across equities, fixed income, real estate, private equity, and other asset classes. The goal is to maximize long-term risk-adjusted returns in order to meet future pension obligations.
As a $90+ billion fund, the New Jersey Division of Investment plays a vital role overseeing the state’s investments. Its prudent management of pension and other assets impacts the futures of thousands of beneficiaries.