Lincoln (Neb.) Fire and Police Retirement System committed $9.6 million to the Invesco Balanced-Risk Allocation Fund, confirmed Paul Lutomski, pension officer.
The commitment is the result of the $168 million pension fund's termination of J.P. Morgan Asset Management from a hedge fund-of-funds portfolio.
Mr. Lutomski said the termination was the result of the pension fund's decision to get out of hedge funds.
Investment consultant Smith Hayes Advisers assisted.
