CalPERS officials are contemplating a major shift into natural resources that would span all major asset classes — public and private equities, bonds and real estate.  While most institutional investors are tiptoeing into the “super-category” through an allocation to indexed commodities futures, officials at the $215.2 billion California Public Employees’ Retirement System, Sacramento, think the opportunities lie in active approaches that make bets both on natural resources and the services that support those industries, including infrastructure investing.
CalPERS to go resource mining