21.11.2008 - Pension funds embrace commodities
From Investopedia: One of the largest pension funds in the U.S. has positioned itself to take advantage of falling commodities prices. The $178.8 billion (as of November 17) California Public Employees' Retirement System (CalPERS) initially announced a $500 million pilot program for adding commodities investments in 2006. Last February, CalPERS went a step further by setting a target exposure rate of 1.5%, or approximately $2.67 billion of its current value, for commodities. Investors thinking of bolstering their portfolio with commodities should consider the following reasoning and commodities-focused investments..... Full Article: Source