Dallas Police & Fire Pension System expanded general investment consultant NEPC's role to include real estate and natural resources consulting, recently released draft board meeting minutes show.
Last month, the pension fund terminated The Townsend Group as its real estate and natural resources consultant. The reason for Townsend's termination was not disclosed.
Also last month, the $2.9 billion pension fund lowered its real estate, and natural resources targets three and fiver percentage points, respectively, to 12% and 5%.
Kelly Gottschalk, executive director, could not immediately be reached for additional information.