Pension Funds

New Jersey names permanent director of investment division

Corey Amon has been promoted to director of the division of investment, the New Jersey Treasury Department's unit that manages investments for the $74.9 billion New Jersey Pension Fund, Trenton.

Mr. Amon had been acting director since July following the departure of Christopher McDonough.

Mr. Amon was sworn in Wednesday by state Treasurer Elizabeth Maher Muoio.

"Corey's diligent oversight of the pension fund's day-to-day operations, his responsiveness to the concerns of pension holders, members of our office and other critical stakeholders, and his proven commitment to upholding the fiduciary standards required by the office make him a natural fit for this position," Ms. Muoio said in a news release.

Prior to becoming acting director, Mr. Amon had been deputy director of the division of investment since 2014.

Mr. Amon's name was submitted to Ms. Muoio in February by the State Investment Council, which develops policies governing investment practices by the division of investment. At the time, Treasury spokesman William Skaggs said the council approved "a list of qualified candidates" for consideration by Ms. Muoio. Mr. Skaggs declined to identify the names or number of candidates.