Colorado Fire & Police Pension Association, Greenwood Village, allocated approximately $85 million to three managers, said Scott Simon, chief investment officer, in an e-mail.
In alternatives, the $4.1 billion pension fund hired invested $40 million in AHL Pure Momentum, a managed futures strategy managed by AHL Partners, an affiliate of Man Group. The pension fund also committed €18 million ($20 million) to Incus Capital Iberia Credit Fund II, a specialized credit fund. It is the pension fund’s first commitment to an Incus Capital fund.
In public equity, the pension fund hired State Street Global Advisors to manage $25 million in an emerging markets equity index strategy.
Funding for AHL and SSgA will come from passive equity, with no terminations, Mr. Simon wrote.
The pension fund has a 36% global public equity target, 23% illiquid alternatives target and 4% managed futures target.