Dallas-Fort Worth Airport lands $23 million in 3 alts funds
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Dallas-Fort Worth International Airport Board Retirement Trust committed a total of about $23 million to three alternatives funds and agreed to terminate one fixed-income manager, documents from the $811 million pension fund show.
At its March 2 meeting, the board agreed to commit €6.5 million ($8 million) to
BC Partners Fund XI, a European private equity fund. It also committed $7.5 million apiece to Tenex Capital Partners III, a private equity fund managed by
Tenex Capital Management; and Torchlight Debt Opportunity Fund VII, a real estate debt fund managed by
The board also agreed to terminate a $34 million core fixed-income strategy managed by Smith Graham & Co. Investment Advisors for performance issues. The plan s investment consultant AndCo Consulting recommended the action. A representative from Smith Graham did not immediately respond to a request for comment.
James Mauldin standing on the Grandbury River.
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A former resident of southern Manitoba admits being unprepared for the weather that struck Texas this last week.
The Lone Star State has been rocked by winter storms, dropping nearly 25 centimetres of snow in some parts and leaving millions without power. The storm has killed dozens of people, including six individuals who lost their lives in a 130 vehicle pileup along Interstate 35-W north of downtown Fort Worth last week Thursday.
James Mauldin moved from southern Manitoba to Texas back in 2006. Today he lives in Grandbury, just southwest of Dallas-Fort Worth. Though he endured many Manitoba winters while growing up, Mauldin says this change in weather caught him off guard.