Pushback on PERS bottom-feeder investments
We blogged a couple of weeks ago, with slightly upraised eyebrow, about the State of Oregon's deepening involvement with a "distressed asset" flipper who makes a pile of dough buying up the IOU's of the down and out in the recession. It appears that we aren't the only one wondering how right that is.
| Posted at 6:48 AM | Permalink |
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Comments (3)
Boards & Commissions
Oregon Investment Council Members
Appointed Members
Katherine J. Durant, Chair
Atlas Investments, LLC
Harry Demorest, Vice-Chair
Columbia Forest Products
Keith Larson
Intel Capital
Richard B. Solomon
Certified Public Accountant
Members by Position
Ben Westlund (by position)
State Treasurer
Paul Cleary (by position)
Director, Public Employees Retirement System
(Ex officio member)
The Director of the Public Employees Retirement System is an ex-officio member of the OIC with no voting power, per ORS 293.706(5).
Posted by Allan L. | October 13, 2009 8:13 AM
I think we all need to get into the real world. We are in hard times, and if an opportunity for an investment presents itself, and the risk reward is acceptable then go for it I say.
Posted by Aspect Investments | October 13, 2009 1:38 PM
We are in hard times, and if an opportunity for an investment presents itself, and the risk reward is acceptable then go for it I say
Damn straight. Maybe the state should double down on this strategy and start investing all the lottery proceeds into foreclosed properties.
The more money the lottery takes in the more properties go into foreclosure!
Win-Win!
Posted by PanchoPDX | October 14, 2009 1:36 AM