Calpers Commodity Holdings Fell 0.7% in December to $1.577B

The value of commodity holdings by the California Public Employees’ Retirement System, the largest U.S. pension fund, fell 0.7 percent in December from the previous month, according to the most-recent data available.

The fund held $1.577 billion in commodities as of Dec. 31, or 0.6 percent of the total assets listed at $248.775 billion, according to a monthly report on today’s agenda for the fund’s investment committee meeting. That’s down from $1.588 billion as of Nov. 30, or 0.7 percent of total assets of $243.669 billion. In October, the fund reduced its commodity holdings by 55 percent, after reporting $3.45 billion as of Sept. 30.

The fund’s board is meeting today, tomorrow and Feb. 21, according to Calper’s 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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