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.
