San Diego Begins Search For Commodities Managers

May 7 2008 | 12:14pm ET

The $8.5 billion San Diego County Employees Retirement Association is currently searching for four to six managers for its newly implemented active commodity program.

SDCERA implemented a passive commodity program in June 2005 and transitioned to enhanced strategies in August 2006. Two months ago, the plan’s board furthered its active guidelines by adopting a policy for its commodity allocation, which include a maximum allocation of 15% to equities, 15% to physical commodities, allow short positions and use a mixture of enhanced and active managers.

The newly adopted policy also allows for investments in swaps, separate accounts, partnerships, funds-of-funds and commingled funds. The plan’s search is managed by consultant Ennis Knupp + Associates.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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