New Jersey Division of Investment , Trenton, committed $100 million to...

New Jersey Division of Investment, Trenton, committed $100 million to hedge fund manager Satellite Asset Management and $75 million to Intrepid Capital Management, confirmed spokesman Tom Vincz. Both are direct hedge fund investments. Hedge fund consultant Cliffwater assisted, according to a memo issued Feb. 9 by William Clark, director of the $79 billion system.