Saturday, 23 May 2015
Last updated 16 hours ago
Jun 1 2007 | 11:22am ET
The Colorado Fire & Police Pension Association is boosting its portable alpha allocation by 20%, and may add more next month.
At its May 23 meeting, the $3.4 billion fund’s board approved an additional $30 million allocation to the program—which was $145 million before the board’s decision to increase it last week—and awarded it to Gottex Fund Management, which already runs a $60 million portable alpha mandate for the pension.
CEO and Chief Investment Officer Bill Morris added that the fund’s board tabled further discussion and will consider boosting the allocation even further in July. At the time, should the board add to the portable alpha portfolio, it may consider adding a third fund of funds manager—in addition to Gottex and Fairfield Greenwich Group, which manages some $56 million for the fund—to its stable.
Morris said that the new portable alpha money will come from a Russell 1000 Index fund investment, and that the pension would make the investment when the Gottex fund reopens at the beginning of July.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…