The investment portfolio of the Oregon Public Employee Retirement Fund returned 3.2% in the year’s second quarter, outperforming its benchmark of 3%, the Oregon Investment Council announced at its September 3 meeting.
As of Q1, the Oregon Public Employees Retirement System managed $95 billion in assets, according to fund documents. The OIC attributed it’s Q2 returns to strong equity markets.
OPERF also reported a five-year annualized return of 9.4%, as of June 30, outperforming its assumed rate of return of 6.4%.
“At a time of market volatility, it is encouraging to see OPERF outperform its benchmark, given the importance of the fund’s returns to the stability of public employee retirements and the ability of public employers to deliver programs the public depends on,” said Oregon State Treasurer Elizabeth Steiner in a statement.
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“However, we always want to measure results based on long-term performance. As we work with OIC to develop our asset allocation strategy, we want to develop a game plan that will provide the returns we need for the future,” she said.
The OIC manages more than $140 billion in assets across pensions, trusts and insurance funds, including assets for OPERF.
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Tags: Oregon Investment Council, Oregon Public Employees Retirement Fund (PERF)
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