Colorado Fire & Police adds global bond manager and managed futures, private equity funds

Colorado Fire & Police Pension Association, Greenwood Village, hired Manulife Asset Management to run $75 million in active global unconstrained fixed income, wrote Chief Investment Officer Scott Simon in an e-mail.

The $4 billion pension fund will fund the hire from reductions in the portfolios of other fixed-income managers, Mr. Simon wrote. It is the pension fund's second investment in unconstrained fixed income following the hiring of Goldman Sachs Asset Management to run $100 million in October.

The pension fund also invested $40 million in Graham Global Investment Fund II, a managed futures fund managed by Graham Capital Management.

It is the third investment in managed futures for the $4 billion pension fund, which added a 5% target allocation to managed futures in April 2013.

In January, the pension fund invested $40 million each in Winton Diversified Futures Fund and BlueTrend Fund.

One more manager is expected to be hired this month to bring the actual allocation to 4% of total fund assets. Albourne Partners is assisting with the managed futures hires.

Also, the pension fund committed $20 million to Energy & Minerals Group Fund III, a private equity fund that invests in energy, including natural gas-related companies.