The idea was simple — and born out of Wall Street.
Bernard McSherry, the founding dean of the New Jersey City University School of Business and a former governor at the New York Stock Exchange, wanted to create a way to chart the progress of the top New Jersey public companies.
Not companies that are based in New York City and elsewhere with a large presence in the state. But those that have decided to call New Jersey their home.
With that, the NJCU New Jersey 50 index fund was born.