{"id":8460,"date":"2008-08-24T00:00:00","date_gmt":"2008-08-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"court-lets-nj-invest-pension-money-in-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/court-lets-nj-invest-pension-money-in-hedge-funds.html","title":{"rendered":"Court lets NJ invest pension money in hedge funds"},"content":{"rendered":"<p>Newsday &#8211; A state appeals court has allowed <span class=\"taxInlineTagLink\">New Jersey<\/span> to move ahead with a plan to invest some state pension money into hedge funds. <\/p>\n<p>The court ruled Friday, rejecting a challenge by the Communications Workers of America and the New Jersey Education Association, two of the largest and most powerful unions of public employees in the state. <\/p>\n<p>The unions said hedge funds and other &quot;alternative investments&quot; were two risky and were ripe for political abuses. <\/p>\n<p>New Jersey&#8217;s Treasury Department wants to put about $9 billion of the state&#8217;s $78 billion retirement accounts into the investments. <a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.newsday.com\/news\/local\/wire\/newjersey\/ny-bc-nj--pensioninvestment0823aug23,0,3970309.story\"><\/a><\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.newsday.com\/news\/local\/wire\/newjersey\/ny-bc-nj--pensioninvestment0823aug23,0,3970309.story\">Read Complete Article<\/a><\/strong><\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.newsday.com\/news\/local\/wire\/newjersey\/ny-bc-nj--pensioninvestment0823aug23,0,3970309.story\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newsday &#8211; A state appeals court has allowed New Jersey to move ahead with a plan to invest some state pension money into hedge funds. The court ruled Friday, rejecting a challenge by the Communications Workers of America and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[315,2176,2340,2341],"class_list":["post-8460","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-fund-specialist","tag-new-york-university","tag-nj","tag-treasury-secretary"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8460"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8460\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}