Tuesday, 1 September 2015
Last updated 4 hours ago
Mar 10 2006 | 12:00am ET
The California Public Employees Retirement System is reviewing commodity futures and could invest up to $6 billion into the strategy, according to the $207.1 billion plan’s investment committee agenda.
Officials at the fund plan to submit a recommendation for a maiden investment at its April 17 investment committee meeting. Agenda attachments for the March 13 meeting show that commodity futures would provide an annual return of 6.5%, according to staff, while the plan’s consultant, Wilshire Associates, projects a 5.5% annual return. The 3% allocation would likely come from global equities and fixed-income.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…