Tuesday, 13 October 2015
Last updated 5 hours ago
Feb 3 2012 | 12:19am ET
Coatue Management is the first beneficiary of the Colorado Fire & Police Pension Association's new hedge fund program.
The long/short equity hedge fund became the first to win a mandate from the $3 billion pension's new 20% hedge fund allocation. Coatue will get $34.5 million from the public plan, Pensions & Investments reports.
The FPPA plans to hire hedge funds are a rate of about one per month this year until the roughly $300 million mandate is filled. The pension is conducting its searches internally and will not issue a request for proposals.
The system hopes to add more traditional long/short managers, as well as event-driven and activist strategies, as part of the new allocation.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…