Kansas City (Mo.) Police Employees Retirement Systems hired Gresham Investment Management and PIMCO to run a total of $40 million in commodities, said Jim Pyle, pension manager for the $805 million systems. Assets will come from rebalancing. The board approved a 5% allocation to commodities, meaning the systems $715 million police fund could invest up to $35 million in Greshams actively managed ETAP Fund, and the $90 million Civilian Employees Retirement System of the Police Department could invest $5 million in PIMCOs actively managed CommodityRealReturn Strategy Fund. The move to commodities was made for diversification and because of the low correlation to equity and fixed-income markets, Mr. Pyle said. DeMarche Associates assisted with a private search that began in November.