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.”

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