Investment Officer , Diversifying Strategies

Overview

Oregon State Treasury is recruiting for the position of Investment Officer 1, Diversifying Strategies. The primary purpose of this position is to support the day-to-day investment and administrative activities of the Diversifying Strategies Portfolios, and to share the ongoing oversight of various investments with the Senior Investment Officer, Diversifying Strategies.

Supports and participates in the independent evaluation of investment proposals submitted for possible portfolio inclusion. Receives and reviews strategy presentations, takes frequent meetings with prospective general partners, managers, and placement agents and determines whether further review of proposed investment strategy is appropriate. Expected analysis encompasses the identification and documentation of each investment opportunity and its unique characteristics, evaluation of those characteristics relative to other, competing diversifying strategies investment opportunities, general partner track record assessment and a thorough inventory and evaluation of all other terms and conditions.

Collaborates with the Diversifying Strategies team to screen prospective investments and works with the Senior Investment Officer, Diversifying Strategies on favorable recommendations for further evaluation. Participates in the due diligence and works with Oregon Investment Council ("OIC") advisory firms on their due diligence efforts prior to Investment Committee recommendation for investment approval. Works with legal counsel to negotiate terms and conditions of various agreements and contracts, following approval.

Due diligence efforts require on site visits to the general partners to make independent, qualitative assessments thereof. Works with the Senior Investment Officer, Diversifying Strategies to determine whether or not an investment recommendation should be made and presented. Assists in the preparation of presentation materials in support of recommendations to various committees.

Works independently and as guided to perform industry and portfolio analysis and conduct research projects in support of the Diversifying Strategies Portfolios. Attend industry-related conferences and events.

Manages day-to-day communication with existing general partners with whom the Funds have invested. Meets frequently with existing general partners to discuss firm updates, portfolio performance, attribution, positioning, and outlook. Monitors partnership compliance, fee and performance metrics using reports from, and discussions with, advisors and general partner personnel, and evaluates findings on both an absolute and relative basis. Uses various systems to analyze and evaluate the Diversifying Strategies Portfolios, individual partnerships, and specific investments.

Works with the Senior Investment Officer, Diversifying Strategies to monitor and coordinate the activities of the advisory firms retained to monitor and report on the Diversifying Strategies Portfolios. With the Senior Investment Officer, Diversifying Strategies may make presentations to the OIC. May make presentations to multiple internal committees regarding investment recommendations and portfolio review, with the guidance of the Senior Investment Officer, Diversifying Strategies.

This position will have the opportunity for a hybrid (remote and in-office) work location schedule; in-office work will be predominately from Treasury’s Tigard office. Work from the Tigard office as needed and at a minimum of once per week on an assigned day. Upon hire, the position will be required to work from the office more than once per week for onboarding.

$143,268-$225,792 annually. For this position there is additional potential of up to 30% of base compensation. This position is eligible for relocation reimbursement.

Note:

Effective February 1, 2026, the compensation plan for this position will be increased to reflect a Cost-of-Living Adjustment (COLA) of 2.5%. The salary listed in this posting does not reflect the COLA.

This position is classified as a Investment Officer
1. This position is management service position.