20.03.2013 - Calpers turns back to commodities
Calpers, the largest US public pension fund, has endorsed commodities as a safeguard against inflation despite recent moves to pull money from the asset class. The $255bn fund chopped commodities investments by more than half late last year, prompting reports it was retreating from the market. But in a rare interview, Andrew Karsh, portfolio manager for fixed income and commodities at Calpers, said the fundís shift from commodities to inflation-linked bonds may be shortlived and did not reflect a change of strategy...............................................Full Article: Source
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