---
title: Dallas Police & Fire Selects MetLife for Emerging Market Debt Search
description: Dallas Police & Fire Selects MetLife for Emerging Market Debt Search.
---

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# [Dallas Police & Fire Selects MetLife for Emerging Market Debt Search](https://dakotafunds.com/dakota-funds/fundraising-news/dallas-police-fire-selects-metlife-for-emerging-market-debt-search)

 Written by [Koncheng Moua, Director of Data Management and Strategy](https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy) | July 18, 2022

At the July 14 meeting, the Dallas Police & Fire Pension System selected MetLife to manage approximately $70 million as the replacement for previous emerging markets debt manager, Ashmore. 

Seven candidates were identified for the search with the assistance of investment consultant, Meketa. The seven candidates included Ashmore, MetLife, Neuberger Berman, Payden & Rygel, PGIM, TCW, and Wellington. MetLife and TCW were the two finalists of the search. 

The search was initiated in March after reviewing underperformance from the Ashmore Blended EMD strategy. It was also approved to terminate the relationship with Ashmore, according to an audio recording from the meeting. 

As of July 8, 2022, the $1.9 billion Pension System targets a 4% allocation to emerging markets debt, while they currently allocate 3.3% to the asset class.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)!*

* *

[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/dallas-police-fire-selects-metlife-for-emerging-market-debt-search)

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