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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...