Link: https://pensionwarriorsdwardsiedle.substack.com/p/oregon-treasury-doesnt-know-doesnt
Excerpt:
I note with great emphasis: “We do not possess thorough look through ability.”
That’s the first time I’ve ever heard those confusing words. Here’s a translation:
- State pension fiduciaries have failed to demand that external investment managers disclose to the pension on a timely basis all investments, including but not limited to crypto, in their funds’ portfolios.
- State pension fiduciaries have failed to disclose to Oregonians information they don’t possess regarding the pension’s riskiest investments.
- State pension fiduciaries cannot be monitoring the risks related to crypto investments they do not know they own.
Bad enough that the Oregon State Treasury is gambling $60 billion in high-cost, high-risk alternative funds. State officials don’t know—and apparently don’t even care—what’s in those funds.
Author(s): Edward Siedle
Publication Date: 10 Sept 2025
Publication Site: Pension Warriors, substack