US - The Fresno County Employees Retirement Association (FCERA) may axe its allocation to infrastructure and divert the funds into a commodities portfolio if the board of trustees approves the change at a meeting tomorrow.
FCERA's general consultant Wurts & Associates said the dearth of credit in the markets has made infrastructure an unattractive investment option. Also, the extent to which private capital will be u...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date