Calpers Commodity Holdings Fell 55% in October to $1.564 Billion

Commodity holdings by the California Public Employees’ Retirement System, the largest U.S. pension fund, tumbled by 55 percent in October, according to the most- recent data available.

The fund held $1.564 billion in commodities as of Oct. 31, or 0.6 percent of the total fund assets listed at $242.749 billion, according to a monthly report released Dec. 10. That’s down from $3.45 billion in raw materials as of Sept. 30, or 1.4 percent of total assets of $243.227 billion, according report released Nov. 13.

The figures for the period through Nov. 30 will be released at the fund board meeting this month, a Calpers press spokesman said today in an e-mail, adding that Calpers doesn’t have any further comment on its commodity holdings. The board meeting will be Jan. 14 through Jan. 16, according to Calpers’ website.

To contact the reporter on this story: Elizabeth Campbell in Chicago at ecampbell14@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

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