Oregon PERF to Shift Public Equity Allocations

Risk parity, alts-focused diversifying strategies portfolios introduced at meeting.

The Oregon Public Employees Retirement Fund (PERF) is shifting its asset allocation targets, materials from its July 26 board meeting show.

The organization wants to lower its public equity holdings by 5% from 35.5% to 32.5%,  according to materials from the $76.6 billion plan’s meeting. The Oregon plan also created a risk parity sleeve and a discreet diversifying strategies sleeve for alternatives, which will both house the 5% equities cut.

Source: Milliman / Oregon PERS

The new targets had been revised in April from the fund’s March 31 update, where it wanted to instead grow areas that it is now considering shrinking. Public equity was 35% of the total portfolio, as of June 30.

Remaining asset targets were to remain unchanged.

 The funds assets are managed by the state treasury.

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