State funds on the rebound

The improving stock market is helping Oregon’s investments regain some ground.

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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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