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Fri Nov 25, 2016, 11:04 PM

Brown plans bill to maximize state investment returns

SALEM — Oregon Gov. Kate Brown plans to advance a bill in the upcoming legislative session aimed at maximizing returns on the state’s investments, according to her office.

The Oregon State Treasury oversees the state’s investments, although it outsources some investment work to outside firms. It appears Brown would bring some of that work back to Salem to reduce costs.

Kristen Grainger, a spokeswoman for the governor, said in an email Tuesday that the treasury “needs to be resourced adequately to expand the amount of funds they manage internally.”

In previous legislative sessions, Treasurer Ted Wheeler — who will be replaced by state Rep. Tobias Read, D-Beaverton, come January — introduced similar legislation aimed at reducing the cost of investing by bringing more outsourced functions in-house.

Read more: http://portlandtribune.com/pt/9-news/333787-213586-brown-plans-bill-to-maximize-state-investment-returns

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