Hedge Fund News From HedgeCo.Net

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.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply