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June 12, 2017 01:00 AM

Dallas Police & Fire signs Pacific Asset Management for bank loans

Meaghan Offerman
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    Dallas Police & Fire Pension System hired Pacific Asset Management to run $50 million in bank loans, said Kelly Gottschalk, executive director of the $2.1 billion pension fund.

    Funding will come from cash.

    A search was launched in May; an RFP was not issued. Investment consultant NEPC assisted.

    As of April 30, the pension fund had a 6% target to bank loans and a 2.7% allocation.

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