Marin County Employees’ Retirement Association has been searching for active commodities managers and natural resource equity managers to run a total of roughly $70 million or 3.5% of the total $2 billion pension fund.
BlackRock and State Street Global Advisors passively managed about $30 million each in commodities and natural resources equity, respectively, for the pension fund as of Dec. 31.
Incorrect asset sizes were provided in a story in the Jan. 21 P&I Daily.
