Friday, 24 March 2017
Last updated 25 min 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.