Christine Pastore, investment officer and co-head of alternative investments at the New Jersey State Investment Council, Trenton, is resigning on Friday, Ms. Pastore said in a telephone interview.
“I've decided to take some time off and figure out what's next,” said Ms. Pastore, who helped build the fund's alternative investment portfolio — including real assets — from scratch. “I've been here seven years and maybe now is time to move on.”
“I've been running like a bull for seven years,” helping to build the portfolio that now has $16 billion to $17 billion in invested assets and about $20 billion in commitments, she said.
Ms. Pastore gave verbal notice of her resignation to the council in January.
Jason MacDonald, head of alternative credit, is expected to be named senior portfolio manager of private markets, Ms. Pastore said.
Andy Pratt and William Quinn, investment council spokesmen, were out of the office and could not be reached for comment and further information.