Dallas Police & Fire Pension System liquidated its $49.5 million investment in the Robeco Transtrend Diversified Fund, a global asset allocation strategy, a recently released summary of board meeting minutes shows.
The reason for the liquidation could not be learned by press time.
The assets will be split between existing global asset allocation managers AQR Capital Management and PanAgora Asset Management, each of which managed about $10 million as of April 30.
An official at the $3.4 billion pension fund referred questions to George Tomasovic, chairman, who could not be reached by press time.
