San Bernardino Allocates $130M To Commodities

Jan 25 2008 | 10:44am ET

San Bernardino County this month wrapped up its search for commodities managers. The $6.4 billion Employees Retirement Association has committed a total of $130 million to internally managed commodity structured notes and two external managers.

The pension committed $50 million to the notes, $50 million to Pinnacle’s Natural Resources Fund and $30 million to Lehman/Greshman’s Enhanced Strategic Commodities Fund.

The plan decided to put 2% of its assets in commodities last year.

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