NJ Department of the Treasury - Division of Investment

Welcome to the homepage for the Division of Investment, State of New Jersey Department of the Treasury.

The Division of Investment is among the 10 largest public fund managers in the United States. Pension funds constitute about $80 billion of managed assets, providing retirement benefits for more than 700,000 current and future retirees in seven public systems. Remaining monies are managed in 185 separate funds, with the largest being the State of New Jersey Cash Management Fund and the Supplemental Annuity Collective Trust Fund (a 403b plan).

News: Pension Fund Fluctuating Amid Volatile Markets October 2008

News: Treasury Statement on Market Events

News: 2008 Fiscal Yearend Results

REQUESTS FOR QUOTES OR PURCHASE
Last Update: September 10, 2008

SPECIAL NOTE to recent Small- and Small-Mid Cap Domestic Equity search candidates: You may be aware that there has been a recent New Jersey State Appellate Division ruling relating to the Division of Investment and its authority to contract with external separate account managers. We are in the process of working with the State Attorney General's office to determine the implications of this ruling and to develop an appropriate action plan. As a result, the Small/SMID Cap Domestic Equity search is on hold indefinitely. We will follow up with you as this situation unfolds. Should you have any questions please contact Amanda Truppa, Division Chief of Staff, at amanda.truppa@treas.state.nj.us or Pete Keliuotis, the Division's general investment consultant, at pkeliuotis@sis-sf.com.

The Division of Investment plans to release the following Requests for Qualifications or Proposals on or about the following dates:

RFP: Global Custodian – Released, and available at this link.

RFQ: Manager, International Developed Markets Equities – Tentative release date: Fall 2008

Now closed to new proposals:
RFP: Financial Services Auditor
RFQ: Manager, Small- and Small-Mid Cap Equity
RFQ: Manager, Emerging Markets Equities
RFQ: Manager, US High Yield

To receive a copy of an upcoming RFP or RFQ when released, send an email to Amanda Truppa, Chief of Staff, at Amanda.Truppa@treas.state.nj.us.

TOTAL PENSION FUND

$62.8 Billion
(Updated 1/22/09)

(Market value, unaudited, as of 12/31/08. May not reflect the actual performance of some alternative investments through the period noted, due to lags in reporting under industry standards.)

Current Pension Fund Values
Adobe PDF (17 kb)

William G. Clark, Director

Physical Location &
Courier Mail Address:
50 West State Street,
9th Floor
Trenton, NJ 08608

USPS Mail Address:
PO Box 290, Trenton, NJ 08625-0290

Division of Investment Contacts
Adobe PDF (9 kb)

IMPORTANT NOTICE
Businesses that wish to provide services to New Jersey's Division of Investment, as well as all state agencies and independent authorities, must adhere to strict guidelines regarding political contributions.

Public Law 2005, c. 51, which was signed into law on March 22, 2005, details these restrictions and reporting requirements. In addition, the State Investment Council periodically provides clarification to contribution policies covered by its regulations in the New Jersey Administrative Code (N.J.A.C. 17:16-4)

Firms interested in doing business with the Division of Investment should review the law and regulations to ensure that they will be eligible.

Public Law 2005, Chapter 51, can be found here:

N.J.A.C. 17:16-4

Policy clarifications and the Political Contributions Disclosure form can be found at here:Click on "State Investment Council," then "Regulations, Policies and Procedures."

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MESSAGE REGARDING
ASSET-BACKED EXPOSURE

In response to recent inquiries, we are pleased to report that the State of New Jersey Cash Management Fund does not have any exposure to asset-backed commercial paper, and specifically no investment in securities backed by sub-prime mortgages.Historically, the Fund has maintained limited exposure to asset-backed commercial paper. We have always utilized strict credit criteria for our eligible investments, and we have capped our exposure to any one issuer at relatively low levels. Nonetheless, we became increasingly concerned about our potential exposure to asset-backed commercial paper in the spring of 2007, and began a series of steps to eliminate the Fund’s exposure to these securities with no negative impact to the Fund’s performance. We are pleased to report that as of September 2007, the Fund does not have any exposure to asset-backed commercial paper.

You can view the 2007 Cash Management Fund Financial Statement at: Cash Management Fund Financial Statement Adobe PDF