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.
UMass retirees top the state’s $5.44 billion pension system, with the university’s former President William “Billy” Bulger set to pocket nearly $272,000 this year, records say.