Colorado Fire & Police Pension Association, Englewood, eliminated its 8% active global fixed-income allocation, moving the assets to active domestic fixed income and increasing that allocation to 26% from 18%, said Bill Morris, chief investment officer. The $2.4 billion plan also moved active international equities to 23% from 25%; real estate to 6% from 8%; and alternatives to 8% from 5%. Active domestic equities remain at 35% and cash stays at 1%. Domestic fixed income increased to 27%.
The changes result from an asset allocation study, he said. No manager changes or searches are planned, said Mr. Morris.