With respect to international securities, the portfolio should be unhedged, except in such instances in which the Director believes that circumstances exist in which hedging would serve to improve and protect the inherent returns of the international portfolio.
N.J. Admin. Code § 17:16-81.4
Recodified from N.J.A.C. 17:16-81.3 by R.1997 d.457, effective 11/3/1997.
See: 29 N.J.R. 3778(a), 29 N.J.R. 4714(a).
Repealed by R.2006 d.260, effective 7/17/2006.
See: 38 N.J.R. 1412(a), 38 N.J.R. 3066(a).
Section was "Definitions".
The following annotations apply to N.J.A.C. 17:16-81.4 subsequent to its recodification from N.J.A.C. 17:16-81.3 by R.2014 d.038
Recodified by R.1991 d.274, effective 6/3/1991.
See: 23 N.J.R. 983(a), 23 N.J.R. 1800(b).
Citations corrected.
Amended by R.1991 d.391, effective 8/5/1991.
See: 23 N.J.R. 1778(a), 23 N.J.R. 2345(c).
In (a) deleted 2 requiring 75 percent of portfolio be hedged.
Recodified from N.J.A.C. 17:16-81.2 by R.1997 d.457, effective 11/3/1997.
See: 29 N.J.R. 3778(a), 29 N.J.R. 4714(a).
Former N.J.A.C. 17:16-81.3 "Definitions", recodified to N.J.A.C. 17:16-81.4.
Amended by R.2006 d.260, effective 7/17/2006.
See: 38 N.J.R. 1412(a), 38 N.J.R. 3066(a).
Rewrote the section.
Recodified from N.J.A.C. 17:16-81.3 and amended by R.2014 d.038, effective 3/3/2014.
See: 45 N.J.R. 1477(a), 46 N.J.R. 442(a).
Substituted "securities" for "stocks".