Dallas Police & Fire Pension Commitments

Article | Source: Investment Management Weekly

October 2, 2006   The $2 billion Dallas Police & Fire Pension (DPFP) System was expected to approve several investments at its Sept. 14 board meeting. 

According to DPFP's Web site, the plan was putting the finishing touches on a $16 million investment in Lone Star Growth Capital. Funding from the investment will come from the fund's enhanced index equity portfolios. 

Additionally, investments of $100 million in the Huff Energy Fund, $30 million in Highland Capital Management's Highland Credit Opportunities Fund and $50 million in the Levine Leichtman Capital Partners Deep Value Fund, were also slated to be approved. 

Details regarding the outcome of the meeting could not be obtained, however. Richard Tettamant, administrator at the fund, did not return calls by press time. 

According to Nelson's MarketPlace Web.com, DPFP has an asset allocation of 33% domestic equity, 23% international equity, 9% domestic fixed-income, 19% international fixed-income, 13% real estate equity and 2% cash.