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Pension Funds

Oregon receives approval to add 27 investment staff

Oregon Investment Council will be adding 27 positions to its investment staff over the next two years, bringing total division staff to 66 positions.

The Tigard-based council oversees the $73.6 billion Oregon Public Employees Retirement Fund. The staffing increases were approved by the state Legislature as part of the 2017-2019 biennial budget.

Oregon's state treasury, which manages the investments of the retirement fund under the council's direction had requested 35 new investment staff.

The new positions include investment officers for private equity, real estate and other alternative investment strategies, as well as an investment officer focused on environmental, social and governance investments and risks.

The new budget also adds money and staff to support functions such as trade origination and reconciliation, performance analysis and enhanced monitoring and compliance.

The new staff will enable the council to bring more of its investment management in-house.