Asset Allocation
Oregon Enacts Thermal Coal Divestment Law
The COAL Act, signed this week by the governor, is expected to enact thermal coal divestments from the state’s pension fund.
Tag: Oregon
Pensions
Oregon Plans for Net Zero Portfolio by 2050
Significant climate investments aim to reduce the portfolio’s carbon emissions by 60% by 2035.
Newsmakers
Bill Calls for Oregon to Divest From Fossil Fuels
State treasurer Tobias Read says the proposed legislation would lead to lower returns and higher employer contribution rates.
Newsmakers
State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling
They say a default would be ‘catastrophic’ and devalue portfolios, damaging pension funds and 401(k) plans.
Pensions
Oregon Treasurer Pledges to Decarbonize State Pension Fund By 2050
Tobias Read says he’ll have a comprehensive plan to meet Paris Agreement goals by early 2024.
Asset Allocation
Oregon, Virginia, Dartmouth Endowment Returns: Low, High, and Even Higher
The Ivy gains 7.6%, UVA earns 5.3%, and the Pacific Northwest school increases only 1.1%.
News
Oregon Integrates ESG Formally into Investment Policy
But the amended guidance specified that sustainable investing should not interfere with the system’s fiduciary duty to its beneficiaries.
Regulation
Oregon Supreme Court Upholds Pension Benefit Cuts
Unanimous ruling finds that an employer is not prevented from changing the terms of future work.
Asset Management Culture
Oregon Nonprofit Eyes $10 Million Relief Fund for the Arts
The state legislature is poised to channel the money to arts and cultural groups at risk from the crisis.
Corporate Moves
Skjervem Resigns From Oregon State Treasury
The chief investment officer is moving to an investment management consulting firm in Northern California.
News
Oregon Pension Stung by Investments in Socially Irresponsible Companies Via Index
Associated Press reports Oregon State Treasury invested in index that contains smartphone spyware company.
Asset Allocation
Oregon PERF to Shift Public Equity Allocations
Risk parity, alts-focused diversifying strategies portfolios introduced at meeting.
Risk
Oregon PERS Keeping Assumed Rate at 7.2%
Past returns over five years are lower, at 6.5% annually. The fund cites investing uncertainty in standing pat.
Regulation
Oregon Pension Reform Squeaks Through Legislature
Bill barely passes both chambers; governor expected to sign into law.
Newsmakers
New Bill Would Make Matching Pension Contributions with Student Loan Repayments
Senate Democrats’ new proposition could benefit pension contribution rates around the country.