Calpers staff urges Wilshire as commodities consultant
SAN FRANCISCO, Feb 14 (Reuters) - Investment staff at Calpers next week will urge the biggest U.S. pension fund's board to select Wilshire Associates as the fund's commodities consultant, according to a memorandum posted on Wednesday on the fund's Web site.
Wilshire already serves as the Sacramento, California-based pension fund's general consultant. Calpers has $230 billion in assets.
The board of Calpers, the California Public Employees' Retirement System, in November approved a $500 million pilot program for the fund to invest in commodities as the first phase of a broader effort that will include investing in inflation-linked bonds, infrastructure and timberland.
((Reporting by Jim Christie; Editing by David Gregorio; San Francisco newsroom; e-mail: jim.christie@reuters.com; +1-415-677-2539)) Keywords: CALPERS COMMODITIES/
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