Dallas Employees' Retirement Fund returned a net 17.5% for the fiscal year ended Dec. 31.
The $3.7 billion pension fund also returned an annualized net 8.6% for the 10 years ended Dec. 31, according to a news release Wednesday.
The pension fund returned a net -4.4% for the fiscal year ended Dec. 31, 2018.
By asset class for the fiscal year ended Dec. 31, the best performer was domestic equities, which returned a net 29.1%, followed by global equities and international equities, which had net returns of 22.8% and 22.5%, respectively.
Real estate returned a net 14.8%, and master limited partnerships returned a net 11.8%. Private equity results lag a quarter behind, according to the news release. Other asset class information was not provided.
Benchmark information and asset allocation information was not available.
According to its most recent annual report for 2018, the pension fund's target allocation is: 15% each, domestic equities, international equities and global investment-grade fixed income; 10% each, global low volatility equities and high-yield fixed income; 7.5% each, global equities and MLPs; and 5% each, credit opportunities, private equity, real estate and real estate investment trusts.
Cheryl Alston, executive director, could not be immediately reached to provide further information.