San Bernardino Goes For Commodities

Jun 1 2007 | 11:24am ET

The San Bernardino County (Calif.) Employees Retirement Association plans a foray into commodities later this year. The $6 billion pension fund has decided to put 2% of its assets in commodities, according to investment officer James Perry, after a comprehensive review of its allocations.

Perry said the fund expects to issue a request for proposals in July or August, and that it will likely hire a manager or managers by the third quarter. The exact strategies it seeks are “not really well defined yet,” he said. “It will probably be pretty open.”


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of