Colo. Pistol & Hose Hires Pershing Square

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.

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