PERS takes a plunge

Oregon PERS assets lost 25.7 percent of their value last year – the worst loss since 1945.

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The Oregon Public Employees Retirement System’s assets fell nearly $13.3 billion last year, the system’s worst loss since 1945.

The economic downturn reduced the value of every single type of asset PERS holds, said Dale Orr, the system’s actuarial services manager.

“Every investment category took a hit,” Orr said, noting that assets from stocks to real estate lost value. “Even bonds for a while there took a hit as well. In short, there was just no place to hide.”

Read the full story at the Statesman Journal.

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