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Timberland posts highest annual return since 2007
trueThe NCREIF Timberland index returned 10.48% in 2014 -- its highest return since 2007. Last year's return consisted of 7.46% price appreciation and 2.86% income return.
Farmland returns 12.6% in 2014
trueFarmland returned 12.63% in 2014, as measured by the NCREIF Farmland index. The return was down from its 20.93% return posted in 2013, but in line with its long-term average of 12.89% over the last 20 years.
U.S. oil and natural gas rigs down 8.1% from a year ago
trueThe number of oil and natural gas rigs operating in the U.S. is down 8.1% from a year ago, according to weekly data released by Baker Hughes Inc. As of Friday, 1,633 rigs were operating in the U.S., down from 1,777 a year ago.
Winners (and losers) of the oil price drop
trueIncreased volatility as a result of uncertainty about oil prices is something that should have active stock pickers gleeful.
Falling oil prices worry institutional investors
truePension fund executives, money managers and consultants are keeping a close eye on the potential downward pressure on financial markets and institutional portfolios due to recent sharp falls in the oil price.
Los Angeles Fire & Police to interview commodity firms in first quarter of 2015
trueLos Angeles Fire & Police Pensions officials plan in the first quarter of 2015 to interview the nine firms that responded to its October RFP for a derivatives-based enhanced index commodities manager.
PennPSERS goes with PIMCO commodities fund
truePennsylvania Public School Employees' Retirement System invested $200 million in the PIMCO Commodity Alpha Fund.
Church of England grows U.K. forestland portfolio with £49 million acquisition
trueThe Church Commissioners for England, London, have become the largest private commercial forestry investor in the U.K., with a deal to purchase a £49 million ($76.8 million) forestry portfolio.
AlphaMetrix to pay $5.6 million in penalties, restitution for diverting rebates
trueAlphaMetrix will pay a $2.8 million penalty and an additional $2.8 million in restitution to participants in its commodities trading pool for taking rebates that were to be reinvested into its pools and diverting the assets to AlphaMetrix’s parent company, as part of a settlement approved Tuesday ...
BofA: Managers boost cash holdings, pull back U.S. equity, commodity holdings
trueMoney managers are increasing their cash holdings and reducing allocations to commodities, said Bank of America Merrill Lynch’s monthly fund manager survey.
New Mexico Educational chalks up 2 commitments
trueNew Mexico Educational Retirement Board committed $70 million to two alternative investment strategies.
Airlines take off as oil plunges
trueThe Bloomberg World Airlines index has rebounded sharply from mid-October when global equity markets sold off. Since Oct. 13, the index is up 41.3%, posting a 39% return year-to-date through Dec. 4.
November index returns by major asset class
trueU.S. equities returned 2.4% in November, as measured by the Russell 3000 index. The index gained 2.6% year-to-date through November.
Chicago teachers pension fund puts commodities search on hold
trueChicago Public School Teachers' Pension & Retirement Fund suspended its search for managers to run a total of $200 million in commodities after it selected three finalists as a result of an RFP.
CFTC collects $3.27 billion in sanctions in fiscal 2014
trueThe Commodities Futures Trading Commission collected a total of $3.27 billion in monetary sanctions from enforcement actions in the 12 months ended Sept. 30, the CFTC’s fiscal year.