| From Pionline.com: CalSTRS approved a $150 million investment in commodities, a fraction of the $2.5 billion commodities investment the board was considering as recently as September, confirmed Ricardo Duran, spokesman for the $138.6 billion West Sacramento-based system.
“The reason for the decision to go with the smaller amount is that this is a new direction for the fund,” Mr. Duran said in an e-mail response to questions. “With that in mind, the members of the investment committee wanted to take a prudent approach to investing in this strategy..............................................Full Article: Source
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