The $3 billion Colorado Fire and Police Pension Association is tactically structuring its own direct hedge fund portfolio relying on three fund of hedge fund managers, a consultant and two staffers in handling due diligence and in-depth strategy and manager research.
This year plans are underway to allocate $300 million to long-biased long/short equity managers including a search for activist managers and event-driven funds. Austin Cooley, investment officer of alternatives at...