Dallas Police and Fire to remove infrastructure from asset allocation

The US public pension will aim to phase out infrastructure from its investment portfolio in 2019.

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Institution: Dallas Police and Fire Pension System
Headquarters: Dallas, United States
AUM: $1.96bn
Allocation to alternatives: 48.10%
Bitesize: $10-50m

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.

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