Wednesday, 1 July 2015
Last updated 1 hour 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…