And more waiting in the wings—
State of New Jersey SELLS OFF TALISMAN
PENSIONS & INVESTMENTS (WCPI); Page: 1; 7 February 2000.
The $82 billion New Jersey Division of Investment has sold all of
its 780,000 shares in Canadian oil company Talisman Energy, despite
the positive performance of the company’s stock. The shares were
sold at $44 each. The $82 billion fund began selling stock in
October after becoming concerned with its performance prospects,
said Steven Kornrumpf, director.
Talisman received bad press because of its involvement in the
Sudanese oil project Arakis, according to the American Anti-Slavery
***Mr. Kornrumpf said Sudan’s “horrible human rights record” was the
major contributing factor to the fund’s fear of poor returns.***
Dave Mann, head of investor relations at Talisman, did not return
calls for comment by press time.