Institutional Investors

Denver Employees chooses FOHF route


The Denver Public Employees' Retirement Plan in Colorado has taken a traditional maiden voyage to hedge funds in allocating $80 million to Prisma Capital Partners.

Officials at the $1.6 billion retirement system have been in contract negotiations with Prisma and plans to start funding the new mandate soon, according to Steven Hutt, executive director of the pension system. Summit Strategies assisted the plan in the search for a single fund of hedge funds manager that began earlier this year. Blackstone Alternative Asset Management made a presentation to the board along with Prisma back in June.