Colorado Fire & Police Pension Association, Greenwood Village, invested $30 million in a long/short equity hedge fund strategy managed by Luxor Capital Partners, confirmed Dan Slack, CEO of the $3.3 billion pension plan.
The Luxor fund has credit and equity strategies and will “move in and out effectively in cases where there could be severe market disruptions,” Mr. Slack said in a telephone interview.
Funding will come from rebalancing passive global equity mandates.
Pension Consulting Alliance and Albourne Partners assisted.