SWF Radar

Dow Jones reports that, “William Clark, director of the New Jersey division of investment, said that while the pension system is looking at making more financial services investments, it is being very cautious.”

The article quotes Clark as saying at the Private Equity Analyst Limited Partners Summit in New York that, “There’s a limited number of falling knives that we can catch.”

The New Jersey Division of Investment, a pension fund, took stakes in Citigroup and Merrill Lynch earlier this year alongside several SWFs. It was then reported as having entered into talks with a foreign government fund with a view to teaming up on other deals.