Pension Funds

New Jersey seeks senior fixed-income portfolio manager

The New Jersey Division of Investment is searching for a senior fixed-income portfolio manager to oversee approximately $11 billion in investments for the $76.7 billion New Jersey Pension Fund, Trenton, according to a posting on the division's website.

The search was issued to replace Tim Patton, who has announced his retirement after 35 years with the division, said Jennifer Sciortino, a spokesman for the state Treasury Department, in an email. The division of investment, which manages investments for the pension fund, is a unit of the Treasury Department.

The fixed-income portfolio is "primarily managed internally," according to the job notice. It includes U.S. Treasuries, investment-grade corporate bonds and high-yield bonds.

In addition to supervising a team of investment professionals, the senior portfolio manager is in charge of overseeing portfolio management, credit research and trading, as well as "developing and analyzing active investment strategies," the search notice said.

Candidates must send applications by close of business June 4 by email only. A timetable for a hiring decision was not provided.