(Pension & Investments) A little-publicized part of the latest CFTC proposal for speculative position limits on certain physical commodities could make it difficult for asset owners to comply.
At issue is the proposed aggregation limit, which would be set at 10% of trading control of a commodity whether an investor does the speculating themselves or it’s done via external managers. And pension funds that currently exceed that limit could have to petition the CFTC for an exemption.
