Colo. Pension Hires Coatue

Feb 3 2012 | 1:19am 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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...