Calpers Commodity Holdings Fell 55% in October to $1.564 BillionElizabeth Campbell
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.