No longer trendy, commodities have fallen out of favor at several large public pension funds....


No 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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Comments (3)
  • Stone Fox Capital
    , contributor
    Comments (9635) | Send Message
     
    Let me guess, the fund decided to shift out of commodities and into MLPs and REITs. Sounds like a great contrary play.
    11 Sep 2012, 03:45 PM Reply Like
  • MDavid
    , contributor
    Comments (16) | Send Message
     
    Or maybe they couldn't resist the juicy 30-year US treasury yields we've been seeing recently. 2.84%; what a steal!!!!!
    11 Sep 2012, 03:52 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    They are chasing yields...any kind of yield..Nigerian Bonds..sure why not..they pay 8%....they will fail...but then they know the States or the Federal Government will cover their backs...and make up the loss...
    11 Sep 2012, 04:05 PM Reply Like
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