As manager of the nation’s third-largest pension fund, the task of state Comptroller Thomas DiNapoli seems quite clear-cut: to uphold his fiduciary responsibility to state employees and ensure that they can retire securely.
The largest fund in New Jersey’s embattled pension sold Apple, Microsoft, and GE stock in the second quarter. It also initiated a stake in biotech Moderna.
Blueprint Capitol Advisors seeks $40 million in damages from the New Jersey Division of Investment, BlackRock Alternative Advisors, and Cliffwater L.L.C.
California State Comptroller is calling for an emergency board meeting of the state’s largest pension fund to review conflict-of-interest policies in light of the abrupt departure of its cio this week.