Colorado Fire & Police Pension Association, Greenwood Village, hired Goldman Sachs Asset Management to run $100 million in an unconstrained fixed-income strategy, said Scott Simon, chief investment officer.
Funding comes from reducing a core fixed-income portfolio managed by C.S. McKee to about $100 million.
This is the $3.7 billion pension fund's first unconstrained bond strategy. It is currently conducting due diligence on two additional managers and could allocate assets before the end of the year, Mr. Simon said in a telephone interview.
