The Colorado Fire and Police Pension Association approved a $100 million allocation to K2 Advisors as a separate account mandate at the tail end of April, according to J. Scott Simon, chief investment officer of the $3 billion pension fund.
The allocation was a commodities hedge funds mandate to round out a fund of hedge fund portfolio that includes a global macro exposure and long/short equity mandate via a multi-manager emphasis. The entire hedge fund programme totals just over $300 million. A $100 million mandate was awarded to GAM in January to manage a global macro portfolio. The