Office of the State Treasurer


	Randall Edwards directs the prudent investment of billions of dollars of Oregon’s money.

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Upcoming Events

September 23, 2008
Oregon Facilities Authority
1:30pm
Office of the State Treasurer
Salem, Oregon
(Planning Session)

September 24, 2008
Oregon Investment Council
9:00 am PERS Headquarters Building
11410 SW 68th Parkway
Tigard, OR 97223

October 15, 2008
Private Activity Bond Committee
Department of Administrative Services
Conference Room A, 2nd Floor
155 Cottage Street NE
Salem, OR 97301

State Funds Weathering Wall Street Downturn

Like all institutional investors, the Oregon Public Employees Retirement Fund has experienced a significant decline in value this year. As of August 31, the value of OPERF had dipped to $57.4 billion, down from its December 2007 value of $63.3 billion. However, OPERF remains a broadly diversified investment fund and is designed to weather troughs like the markets are currently experiencing—and indeed, has weathered in the past. While declines of this nature are never welcomed, investment return volatility is the cost of investing in financial markets for long-term gain. Net of benefit payments, the total fund is down 7.5 percent year to date, which compares relatively favorably to the policy benchmark return of -8.0 percent.

Other funds managed by the State Treasurer have also been affected by recent market events. That includes the Oregon Short Term Fund, which consists of cash and short-term investments of both the State and local governments. For the latest information on that fund, click here.

Reading is an Investment Program
Soon to Kick Off Its Third Year

Once again 50 lucky students who finish the program will win $500 scholarships. Watch here for new information soon! The Reading is an Investment program is co-sponsored by the State Treasurer's Office, the Oregon College Savings Plan, and OppenheimerFunds, Inc.

Oregon College Savings Network Hits Landmark

A recent spike in new accounts has pushed assets in the Oregon College Savings Network over the billion dollar mark. About 2700 new families signed up for Oregon’s college savings plans in March during College Savings Month. The Network reached the $500 million mark in 2005. More than 110,000 accounts are now included in the three savings plans within the Oregon 529 College Savings Network. State Treasurer Randall Edwards says, “More and more Oregonians are investing in the college savings program everyday because they understand that saving and planning now can make higher education more affordable.” See the news release.