The Fire and Police Pension Association (FPPA) of Colorado has awarded a $130 million mandate to Aetos Capital, HFMWeek reports. The $3.1 billion Colorado pension fund plans to appoint three hedge funds for a new absolute return allocation.
The long/short equity fund is the second hire after GAM Holding won a $100 million global macro mandate in a separately managed account. The FPPA is in the middle of its due-diligence process to pick its third absolute return manager, for a commodities mandate.
Click here for the story from HFMWeek.