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 real estate from 12 percent to 5 percent between Q3 and Q4 2018, according to the pension’s recently released quarterly report. This drop comes despite the pension increasing its actual allocation to real estate from 22.8 percent to 23.7 percent in the same period.
As illustrated in the charts below, the $1.96 billion US public pension tends to target opportunistic real estate equity investments in Asia-Pacific, North America and Western Europe.
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