Colorado Fire & Police Pension Association, Englewood, will search by year's end for two active domestic equity managers, one large-cap core and one small-cap growth, to run a total of $100 million, said William Morris, CIO. Officials at the $2.1 billion pension plan hope to make selections by the end of the first quarter, he said. Most of the funding will come from reducing three index funds run by State Street Global Advisors - a $414 million S&P 500 fund, a $152 million S&P/BARRA growth fund and a $95 million S&P/BARRA value fund, he said.
Officials want a more active approach to domestic equity investments, Mr. Morris said; the plan does not currently have any active domestic small-cap growth equity investments.
The plan's asset allocation is 38% domestic equity, 29% domestic fixed income, 18% international equity, 8% private equity, 6% real estate and 1% cash. Pension Consulting Alliance will assist.
