No longer trendy, commodities have fallen out of favor at several large public pension funds....
Tuesday, September 11, 2012, 3:38 PM ETNo longer trendy, commodities have fallen out of favor at several large public pension funds. The $36B Illinois Teachers' Retirement System scrapped its 4 year program, instead putting the money into areas better reflecting "conditions in the world economy." CalSTRS ($150B AUM) remains nominally committed, but at $150M, the amount in commodities is less than the fund's operating budget.
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