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.
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