Institutional Investors

Colorado Fire & Police add AKO

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The $3.3 billion Colorado Fire & Police Pension Association continues to grow its direct hedge fund portfolio with a $36 million allocation on 1 July to AKO, a European long/short equity fund, according to Austin Cooley, the pension fund’s alternative investment officer.

The policy target for absolute return at the pension fund is 11% and is divided between global macro, low-beta long/short equity and relative value commodities. But in addition to that there is a portfolio of long-biased long/short equity hedge funds within the global equity programme, where the AKO investment will be housed.

Staffers, with the help