Oregon Short-Term Fund. 2008 OMFOA Spring Conference March 11, 2008 Linda Haglund – Deputy State Treasurer Perrin Lim – Sr. Fixed Income Investment Officer Office of the State Treasurer. Oregon Short Term Fund – Management structure and implementation.
March 11, 2008
Linda Haglund – Deputy State Treasurer
Perrin Lim – Sr. Fixed Income Investment Officer
Office of the State Treasurer
For the OSTF, the OIC looks for input from the Oregon Short Term Fund Board.
Policy Mix and Return Expectations for OPERF Regular Account
1 Based on capital market forecasts developed by the Council’s investment consultant, SIS, for the next two to three market cycles.
2 Total Fund expected returns are simply the weighted averages of the asset class returns.
Additional Securities include:
How did we miss the recent landmines?
Ongoing research, analysis, and evaluation of market sectors with respect to current market prices, i.e. spread or risk premium
Primarily a bottom-up process to uncover mispriced or undervalued credits and/or securities
Always consider worst case scenario
1 The OSTF Investment and Security Selection Processes are appropriate for the OSTF only.
Why not buy all issues that fit portfolio guidelines?
2 Approximate spreads as of February 29, 2008
Liquidity – Cash & Near Cash Amounts