The managers of New Jersey’s pension fund awarded $49.5 million each in state funds to two hedge funds, including the Canyon Special Opportunities Fund and GoldenTree Credit Opportunities Fund, reports HedgeCo.net.
The move occurred on the same day the controversial $49.5 million bailout of a BlackRock fund took place. The cash injections were slightly below the $50 million threshold that invites public scrutiny.
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