Wednesday, 31 August 2016
Last updated 3 hours ago
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.