Friday, 19 December 2014
Last updated 32 min ago
Jun 22 2012 | 11:38am ET
Colorado's first responders have committed another $30 million to another hedge fund.
The latest beneficiary of the $3.3 billion Colorado Fire & Police Pension Association's $300 million hedge fund program is Pershing Square Capital Management. The New York-based hedge fund fills the pension's activist mandate, although CEO Dan Slack told Pensions & Investments, "It's possible we could look for another activist hedge fund."
Pershing Square is the fifth hedge fund hired by the public pension this year; all told, the five have received about $160 million. Slack said that Colorado Pistol & Hose has filled its event-driven mandate, but could still add long/short hedge funds.
Consultant Albourne Partners assisted with the Pershing Square hire.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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