Oregon Investment Council, Tigard, which manages the $70 billion Oregon Public Employees Retirement Fund, Salem, in 2015 expects to make $1.5 billion to $2 billion in commitments to its alternatives portfolio, which includes infrastructure, natural resources and hedge funds, said a report for its Wednesday meeting.
In 2014, the council committed $1.4 billion to 10 funds for its alternatives portfolio; six of the money managers were new relationships.
Separately, the council added environmental, social and governance criteria to its set of investment beliefs, which it uses to evaluate potential investments, spokesman Michael Cox said in an e-mail.
The council’s investment beliefs adopted in October outlines the fundamental investment and management principles guiding OIC oversight and policy development. On Wednesday, the council revised the belief statements to include ESG criteria as risk factors.
Pension Consulting Alliance— Oregon Investment Council’s general investment consultant—assisted.
“A company’s performance on ESG factors has the potential to impact shareholder value,” said state Treasurer Ted Wheeler, a member of the Oregon Investment Council, in a news release.