The New Jersey Division of Investment is expanding its internal team. The organization currently manages assets for the New Jersey Pension Fund and has announced plans to hire four senior portfolio managers.
These new positions focus specifically on private markets and fixed-income strategies. This move reflects an ongoing effort to strengthen the oversight and management of the pension fund's diverse portfolio. By bringing in experienced managers, the division aims to improve its technical capabilities in these core investment areas.
Shoaib Khan, who serves as the division director and chief investment officer, is leading this initiative. This recruitment effort is part of a broader trend where public pension funds shift resources to gain more direct control over complex asset classes.
The search for these senior managers comes at a time when institutional investors are reevaluating their strategies to adapt to changing economic conditions. Adding high-level talent to the private markets and fixed-income departments will provide the fund with more stability and strategic depth. Interested candidates with the appropriate background in institutional asset management are now on the radar for these roles.