Colorado Fire & Police To Begin Monthly Hedge Fund Hires

Feb 2 2012 | 2:37am ET

The Colorado Fire & Police Pension Association is set to begin a $270 million hedge fund program with its first in a series of monthly hires.

The $2.9 billion public pension fund plans to invest about $35 million with a long/short equity hedge fund in March. The FPPA is currently conducting due diligence on the lucky hedge fund, which was not identified.

The plan expects to hire further hedge funds at the rate of one a month, until the entire $270 million mandate is filled, HFMWeek reports.

The FPPA currently invests directly in only one hedge fund, Aetos Capital. It also has $200 million invested with funds of hedge funds GAM Holding and K2 Advisors.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note