University of Colorado Denver hired Chicago Equity Partners to run $50 million in short-intermediate fixed income for the university's $1 billion treasury pool, according to Donald Eldhart, university treasurer.
Mr. Eldhart said in a telephone interview that the treasury pool is used for operating expenses. Its allocation is 75% fixed income and 25% equities.
Patrick Lynch, president of Chicago Equity Partners, said in a separate telephone interview that the active portfolio will focus on core investments.
Fischer Francis Trees & Watts had run the portfolio in a similar style for about 10 years, Mr. Eldhart said.
“We found through due diligence that the performance was a little better matched by Chicago Equity Partners,” Mr. Eldhart said, noting the university was happy with Fischer Francis' performance.