Colorado Fire & Police Pension Association, Greenwood Village, invested $80 million total in two managed futures funds, said Scott Simon, chief investment officer.
The $4 billion pension plan invested $40 million each in Winton Diversified Futures Fund, managed by Winton Capital Management, and BlueTrend Fund, managed by BlueCrest Capital Management.
The pension fund added a 5% allocation to managed futures in April. Mr. Simon said an additional manager could be hired in each of the next two months, which would likely bring the allocation to 4% of total fund assets.
Albourne Partners assisted with the hires.