Dallas/Fort Worth International Airport committed $10 million to PIMCO Tactical Opportunities Fund, for the airport's two pension funds, confirmed Richard Holbein, senior consultant at The Bogdahn Group, investment consultant to the plan.
The fixed-income fund is managed by Pacific Investment Management Co.
The airport also committed $7 million to Altius Real Assets Fund, a fund of funds run by Altius Associates that focuses on global private energy, timber and infrastructure.
Funding comes from rebalancing; no managers were terminated.
DFW Airport oversees two pension funds with a combined $450 million in assets — General Employees of Dallas/Fort Worth International Airport Retirement Plan and Department of Public Safety Retirement Plan.
Separately, the airport rehired ICMA-RC as bundled provider for the DFW International Airport Savings Plus Plan — made up of two 457(b) plans and one 401(a) plan — with $53 million in assets.
An RFP was issued in April.