Institution: Dallas Police and Fire Pension System
Headquarters: Dallas, United States
Allocation to alternatives: 48.10%
Dallas Police and Fire Pension System decreased its target allocation to infrastructure from 5 percent to 0 percent between Q3 and Q4 2018, according to the pension’s recently released quarterly report.
Despite currently allocating 2.9 percent of its investment portfolio to infrastructure, the pension is aiming to remove its allocation to this asset class entirely over the course of 2019.
As illustrated in the charts below, the $1.96 billion US public pension has previously invested in three JP Morgan Asset Management funds, the last of which was its Infrastructure & Related Resources Opportunity Fund II in 2013.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.