Colorado Fire & Police Add Aetos To Absolute Return Portfolio

Mar 23 2011 | 10:53am ET

The Fire and Police Pension Association of Colorado has awarded a $130 million mandate to Aetos Capital.

The $3.1 billion pension's board of directors approved the hire last week, HFMWeek reports, the second of three hedge fund mandates to be awarded for its new absolute return program. GAM Holding won the first, totaling $100 million, for a global macro mandate.

The Colorado pension will invest in Aetos' long/short equity strategy.

Meanwhile, the FPPA is in the middle of its due-diligence process to pick its third absolute return manager, for a commodities mandate.

The pension allocated 11% to hedge funds in 2009, when it replaced its portable alpha program with the absolute return program.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR