According to state treasurer Elizabeth Maher Muoio, Corey Amon is leaving his post as trustee of New Jersey's $77 billion pension fund.
On Tuesday, Muoio resigned for a new chance. His departure has been taking effect from June 4, said Amon in an emailed statement.The National Rural Electric Cooperative Association said in a separate statement that Amon will join as its new Chief Investment Officer of $25 billion in assets across three benefit plans.John Szczur is replacing Amon, who is retiring.
We are very sorry to see him leave and appreciate his service, said Muoio. The division has flourished under his leadership and is leaving it in a very strong position.
With so many requests for comment, Amon didn't immediately respond, and a spokesperson for Governor Phil Murphy referred to the Department of Treasury questions.
The news of Amon's exit appeared first in a news release by the asset manager Blueprint Capital Advisors. It is involved in a legal fight with the Division of Investment.In a lawsuit in the last year, Blueprint claimed that the state stole confidential business information and discriminated against the Black-owned firm after it made a pitch to win an investment mandate.
The state replied in court documents that the complaint spins a false tale of misstatement, mischaracterization, distortion and demonstrable falsehood.
Amon said earlier this year that the private fund in New Jersey was considering further investments in established markets in a bid to boost performance.
According to his LinkedIn page, Amon was with the state since October 2014.He previously worked at the logistics company Ryder System Inc.
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