Pension Funds

New CIO chosen for Dallas Fire and Police system

Kent Custer was named chief investment officer of the $2.1 billion Dallas Police & Fire Pension System.

Kelly Gottschalk, executive director, said in an email that Mr. Custer started last week. He replaced James A. Perry, who resigned in July 2016 to join Maple Fund Services as head of institutional investor solutions.

CIO responsibilities were handled in the interim by Ms. Gottschalk, existing investment staff and investment consultant Meketa Investment Group.

Mr. Custer had been CIO of the College Illinois prepaid tuition program, the state's 529 program. He also previously served as a senior investment officer for the $51.4 billion Illinois Teachers' Retirement System, Springfield.

Mr. Perry was appointed the system's first CIO in August 2015 following a board decision to split the duties of retirement administrator into two roles — executive director and chief investment officer. He served as CIO for slightly less than a year.