Colorado Fire & Police Pension Association, Greenwood Village, is conducting an asset-liability study, confirmed Scott Simon, chief investment officer.
The $3.4 billion pension fund is performing the study internally with assistance from its actuary, Gabriel Roeder Smith, and investment consultant, Pension Consulting Alliance.
The pension fund is looking at potentially modifying its alternative investments, restructuring the fixed-income portfolio and further diversifying the equity portfolio. “Everything's on the table,” Mr. Simon said in a telephone interview.
The pension fund will present the study at the April 25 board meeting.
It is the first such study by the pension fund in about four years. It is the pension fund's policy to conduct asset-liability studies every three to five years.
The pension fund has an asset allocation of 48% global public equity, 19.6% fixed income, 16.2% private capital, 8.7% absolute return, 4.1% real assets, 1.8% cash and 1.6% opportunistic investments.