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Los Angeles Pension Fund will invest $785 mln in commodities

Posted on 15 March 2013

The Los Angeles Fire and Police Pension System, with about $15.7 billion in assets, is allocating about $785 million for commodities, its first investment in the asset class.
The fund will allocate 5 percent of its money over a two- year period for investments including commodity-related futures, stocks and private equity, Tom Lopez, the fund’s chief investment officer, said in a telephone interview from Los Angeles. The private-equity portion is already being invested, he said………………………………….Full Article: Source


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