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Hedge fund’s risky ties to Revel casino shine light on N.J.’s investing habits

NJ.com – Gov. Chris Christie isn’t the only one betting on Revel.

A hedge fund that manages $200 million in New Jersey public pension money also has a financial stake in Revel, Atlantic City’s newest and sleekest casino hotel, a Star-Ledger review of records from the state Division of Gaming Enforcement and Treasury Department shows. It’s a gamble that has put a share of public workers’ retirement income at risk if the struggling resort fails.

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