NJSpotlight 
ATLANTIC CITY — In Carl Icahn’s own personal game of Monopoly, the Atlantic City board is definitely in play, as the billionaire investor has taken on yet another property — The Chelsea hotel, according to documents filed with the Atlantic County Clerk. Papers filed on May 16 show Icahn’s corporation, IEP Morris, took over the mortgage.…
TRENTON — The usually ultra-private and reclusive former Gov. Jon Corzine has resurfaced, according a report in the New York Times, starting a hedge fund designed to take advantage of the chaos swirling around Donald Trump’s White House and into the financial markets. According to the New York Times, Corzine is “starting a hedge fund. And…
TRENTON — State-run government pension funds spent $10 billion on fees and performance bonuses in 2014 to private managers of their alternative investments, a strategy that has stirred controversy in New Jersey. The report from the Pew Charitable Trusts found that the 73 largest state and local public pension funds invested about half their assets in…
A manager of a hedge fund that billed itself as a fund for the “little guys” admitted Tuesday in federal court in Camden that he bilked 76 victims of more than $4 million and avoided paying more than $273,000 in taxes. Peter Zuck, 66, of Middletown, pleaded guilty to one count of conspiracy to commit wire…
Tom Byrne, chairman of the NJ State Investment Council Union officials in recent weeks have questioned the state’s management of public-employee pension investments as lawmakers have advanced a bipartisan measure that would give the police and firefighters more control over their retirement system. But with that bill now sitting on Gov. Chris Christie’s desk, new investment-return…