Investment Division

Investment Division

The Investment Division manages on behalf of Oregonians a portfolio with a market value of over $72 billion. The division manages the Oregon Public Employees Retirement Fund (OPERF), the State Accident Insurance Fund (SAIF), the Oregon Short Term Fund (OSTF), and numerous smaller funds such as the Common School Fund and the Oregon Growth Account. With assets exceeding $55 billion, OPERF was recently ranked the 20th largest pension fund in the U.S.

This council invests all State of Oregon funds, including the Oregon Public Employees Retirement Fund and the State Accident Insurance Fund.

The OPERF is managed by the Oregon State Treasury, under the direction of the Oregon Investment Council. The Council's statutory mandate is to achieve the highest return possible on its investments. The Oregon State Treasury does not administer the Oregon Public Employees Retirement System. PERS is directed by its own independent board and administered by its own agency based in Tigard, Oregon.

The purpose of the OGA is to earn returns for the Education Stability Fund by making investments in or providing seed capital for emerging growth businesses, in Oregon, through external general partners.

The Oregon Intermediate Term Pool (OITP) provides Oregon state-owned and sponsored entities with a vehicle to invest dollars not needed to cover short-term needs and able to withstand greater price volatility to achieve returns often associated with longer-term investments

Guidelines (.pdf)
Prospectus (.pdf)

OSTF Rate Changes
Oregon Short-Term Fund Portfolio Rules (.pdf)
OSTF Board Members
OSTF Board Meetings, Agendas & Minutes:
OSTF Board Meetings & Minutes:

OSTF Financial Statements:

Other OSTF Reports:

TCD Program