Colorado County Hires Two

Feb 10 2006 | 10:33pm ET

The $245 million El Paso County (Colo.) Pension System has hired PIMCO and Western Asset Management to handle $11 million each in absolute return fixed-income. Dave Klemmer, plan administrator, said the two firms were selected because they complement each other, though he declined to detail how.

The firms were brought in to provide an education on the strategy at the January meeting. The money came from a reallocation of the plan's fixed-income portfolio. The plan allocated 20% to the absolute return strategy from its passive investments, which is now 40% of the portfolio. The plan's consultant is Summit Strategies Group.

 


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note