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Hefty bonuses raise concerns

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High Five
Thursday, October 01, 2009

Bonuses this year for fund managers in the Oregon treasurer's office ranged from $9,860 to $57,006.

The money was paid as a performance reward to investment managers who oversee the Oregon Public Employees Retirement Fund, the Common Schools Fund and other portfolios totaling about $60 billion.

The bonuses pale in comparison to multimillion-dollar payouts to Wall Street managers. But they caught the attention of Oregon legislators, who asked Treasurer Ben Westlund to review whether they're appropriate, especially given the economic meltdown and the state's precarious budget.

Read the full story at OregonLive.com.

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