Colorado Fire & Police Pension Association, Greenwood Village, hired U.S. Bancorp Asset Management to run $30 million in active domestic small-cap growth equities, pending contract negotiations, said William Morris, CIO. Officials at the $2.1 billion pension plan have not determined the funding source, but Mr. Morris said no managers will be terminated.
The plans asset allocation is 38% domestic equity, 29% fixed income, 18% international equity, 8% private equity, 6% real estate and 1% cash.
Separately, plan officials are searching for two to four firms to provide transition management services, said Mr. Morris. Plan officials had used transition management services on an ad hoc basis, he said.