Once-Celebrated Dallas Pension Fund Runs Risk of Going Broke

  • City and pension need more cash, cut benefits to close gap
  • A more-than-50 percent increase in funding deficit in 2015

The Dallas Police and Fire Pension System, once applauded for a diverse investment portfolio that included Hawaiian villas, Uruguayan timber and undeveloped land in Arizona, finds itself needing to dig out of a deep hole.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.