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New Jersey pension system re-thinks hedge funds

New Jersey's generous but underfunded public pension system bought billions of dollars' worth of hedge funds in the years after other states began having second thoughts about the risky, high-fee funds.

Gov. Christie speaks at podium at Quicken Loans Arena during the second day of the Republican National Convention on July 19, 2016, in Cleveland.
Gov. Christie speaks at podium at Quicken Loans Arena during the second day of the Republican National Convention on July 19, 2016, in Cleveland.Read moreJESSICA GRIFFIN / Staff Photographer
    by Joseph N. DiStefano, Staff Writer | Columnist
    Published