Colo. Pension Hires Coatue

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note