05.02.2013 - Big Dutch pension funds keep 19 bln euros in commodities
The two biggest pension funds in the Netherlands plan to maintain investment in commodities even after their latest quarterly reports showed commodities as their worst performing asset class and a big U.S. fund halved its exposure. Dutch funds ABP, for state employees, and Pensioenfonds Zorg en Welzijn PFZW for health and medical care workers, along with Californian state pension fund CalPERS, were among a handful of big pension funds that invested in commodity derivatives as an alternative to stocks and bonds in the middle of last decade............................................Full Article: Source
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