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

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note