FCERA axes infrastructure, boosts commodities

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US - Trustees at the Fresno County Employees' Retirement Association (FCERA) have decided to axe the scheme's infrastructure investments in favour of boosting its commodities allocation.

FCERA had allocated 2% of its US$2bn scheme to infrastructure, but instead brought the allocation to zero and increased the commodities exposure to 3%, according to recently released minutes from t...

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