Carlyle Ex-Partner Grady Said Set to Lead N.J. Pension Council
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Robert E. Grady, a former partner in the Carlyle Group, is set to become chairman of the panel that guides investment policy for New Jersey’s $68 billion pension fund, two people with knowledge of the plan said.
Grady, a Jackson Hole, Wyoming-based managing director of Cheyenne Capital Fund LP since 2009, will replace Orin Kramer, 65, general partner of New York-based hedge fund Boston Provident Partners LP, the two people said yesterday. They said Kramer doesn’t plan to seek re-election when the State Investment Council selects officers today.