Colorado Fire & Police Pension Association, Greenwood Village, hired Numeric Investors to manage $75 million in an emerging markets core equity strategy, said Scott Simon, chief investment officer, in an e-mail.
Funding will come from AQR Capital Management, which is being terminated from its $75 million emerging markets defensive equity strategy. Pension fund officials’ desire for active risk in the portfolio was the reason for the termination, Mr. Simon wrote.
Separately, the $4.2 billion pension fund committed $25 million to Kayne Anderson Capital Advisors’ Midstream MLP fund.
Over the last 10 years, the pension fund has committed $30 million total to other Kayne Anderson funds.
The pension fund has a 20% target allocation to illiquid alternatives, which includes private equity, and a 37% target to global public equity.
