Colorado Fire & Police Pension Association, Greenwood Village, hired State Street Global Advisors to run $170 million in a Lehman Aggregate bond fund, said Ruth Ryerson, CEO. Funding will come from terminating Bradford & Marzec for performance in running an active core-plus fixed-income portfolio. SSgA already handles an S&P 500 fund, an S&P/BARRA growth fund and an S&P/BARRA value fund, which have a combined $700 million in assets, for the $2.1 billion pension plan, she said. Mark Walsh, research director for Bradford & Marzec, did not return a phone call requesting comment by press time.
The plans asset allocation is 38% domestic equity, 29% fixed income, 18% international equity, 8% private equity, 6% real estate and 1% cash. Pension Consulting Alliance advised.