State funds on the rebound

State funds on the rebound

While State Treasurer Ben Westlund said there was still "no safe haven in any market," state investments like the PERS fund are slowly on the mend following the market crash.

The Public Employees Retirement System Fund is the largest of Oregon's state investment funds.

It was $47.6 billion at the end of August, up $7 billion from a low of around $40 billion five months earlier. Still, that's less than the $57.4 billion recorded by the state treasury at the end of August 2008, and the $63.3 billion at the end of December 2007.

Read the full story at the Statesman Journal.

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Walter W. Want
0 #1 Time is nowWalter W. Want 2009-10-15 14:50:51
Why do we not have a state bank for Oregonians that invest its deposits in Oregon? It is time we invest in ourselves just like the North Dakota farmers did. Feds put money in our banks and yet there is still no credit available to our local society. Profit protection for outside investors always comes first.
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