TITLE

Pension funds' ability to invest in commodities threatened

AUTHOR(S)
GRESHAM, LYNN
PUB. DATE
October 2008
SOURCE
Employee Benefit News;Oct2008, Vol. 22 Issue 13, p64
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses several legislative bills in the U.S. Congress aimed at curbing oil investments by speculators like pension fund managers. The bills were introduced in response to the rising gasoline prices. It provides an overview of the growth in speculative activity in commodity markets. Pension industry experts like the Employee Retirement Income Security Act (ERISA) insists that the current actions by investors on behalf of pension funds are legal and necessary.
ACCESSION #
34802440

 

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