Bryan Martin was named head of real estate at the New Jersey Division of Investment, Trenton, supervising a $6 billion portfolio of assets that include real estate, commodity exchange-traded funds, hedge funds, equities, and oil and gas partnerships, confirmed William Quinn, a spokesman for the state Department of Treasury.
The position is new, Mr. Quinn said in an e-mailed response to questions.
The division manages investments for the $73.2 billion New Jersey pension system.
“Responsibility for the $6 billion portfolio of commodity and real estate assets that Bryan Martin will now oversee was previously shared among division managers with responsibility for hedge funds, equities, oil and gas partnerships and ETFs,” Mr. Quinn wrote. “By having one person in charge, the division expects to achieve a sharper focus on these investments which are an important and growing part of its overall alternative investments portfolio.”
Mr. Martin was director of investments for the Indiana State Teachers' Retirement Fund and director of alternative investments for the Indiana Public Employees' Retirement Fund, both of Indianapolis. The combined assets of the two Indiana funds is $25.7 billion as of June 30, Jeff Hutson, an Indiana system spokesman, wrote in an e-mailed response to questions. Robert Clone, director of private equity for Indiana PERF, “took on Bryan's former duties,” Mr. Hutson wrote.