Oregon Treasury joins other major investors in pursuit of improved private fund disclosure practices.
The Oregon State Treasury today announced its support for a new industry push for better transparency of investment-related fees.
Launched in May 2015 by the Institutional Limited Partner Association (ILPA), the Fee Transparency Initiative has released a new, uniform reporting template for private investment fund fee disclosures. The Oregon State Treasury and private equity consultant TorreyCove Capital Partners, as well as several other major institutional investors, participated in this initiative and endorse its findings and recommendations.
The initiative complements Oregon’s own efforts to seek better fee and disclosure transparency, which Treasury staff, TorreyCove and the Oregon Investment Council (OIC) collectively believe will bolster investment performance on behalf of public fund beneficiaries.
“Better transparency for investors leads to better investment decisions, and better investment decisions lead to better, long-term investment results,” said Oregon Chief Investment Officer John Skjervem. “We are pleased with the outcome of ILPA’s efforts in this area, and hopeful that our investment partners will adopt this new reporting standard.”
ILPA’s fee and disclosure template will enable better and more detailed reporting of private fund investment partnerships which comprise a significant part of the Oregon Public Employees Retirement Fund portfolio.
More than 120 individuals and organizations participated in ILPA’s Fee Transparency Initiative including public pension funds in California, Texas, Ohio, Florida, Colorado and Pennsylvania. More information on the initiative and related industry efforts is available at ILPA.org.
The ILPA is a global, member-driven organization dedicated to advancing the interests of private investment fund Limited Partners through industry-leading education programs, independent research, best practices, networking opportunities and global collaborations.
The Oregon State Treasury protects public assets and saves Oregonians money through its investment, banking, and debt management functions. State investment policies are set by the Oregon Investment Council. The State Treasury also promotes public outreach and education to help Oregonians learn strategies to save money, invest for college and make smart financial choices.
James Sinks
Communications Director
Oregon State Treasury | Executive Division
159 State Capitol | 900 Court St NE, Suite 100 | Salem, OR 97301
Phone 503.378.4329 | Cell 503.881.4747 | Fax 503.373.7051
james.sinks@ost.state.or.us | www.oregon.gov/treasury
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