Thursday, 18 December 2014
Last updated 9 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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