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The Fire & Police Pension Association of Colorado commits $240m to hedge funds amid portfolio restructuring
The Fire & Police Pension Association of Colorado (FPPA) has approved $240m in hedge fund commitments as it continues to restructure its alternative investment portfolio, maintaining a focus on diversification despite already exceeding its target allocation. The commitments follow a broader review of FPPA's hedge fund exposure, including a decision earlier this year to wind down its dedicated long/short equity allocation and increase its target weighting to diversifying strategies. As of September 2026, diversifiers represented 11.1% of the pension fund's $7.74bn long-term investment portfolio