Dallas ERS clocks a 14.75% return on real estate assets for 2019
Investors - JANUARY 15, 2020

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Dallas ERS clocks a 14.75% return on real estate assets for 2019

by Kali Persall

The Employees’ Retirement Fund of the City of Dallas (ERF) has reported a 17.51 percent return on its investment portfolio in 2019, increasing the pension fund’s assets under management from $3.3 billion to $3.65 billion.

Dallas ERF has a global, diversified, conservative investment program, consisting of real estate and real assets, among other asset classes. The pension fund’s real estate investments generated 14.75 percent for the year.

“I want to thank the board trustees for their discipline, patience, and investment expertise as the markets continue to evolve,” said Cheryl Alston, executive director of ERF. “As fiduciaries for more than 16,000 current and retired city employees, we must continue to focus on the long-term investment horizon.”

Dallas ERF has a 10-year long-term return of 8.56 percent and an actuarial return rate of 7.75 percent. The pension fund also has an 80 percent funded ratio, making it the highest-ranked municipal fund in

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