{"id":10331,"date":"2009-04-14T00:00:00","date_gmt":"2009-04-14T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"oregon-sues-financial-company-over-losses-in-college-savings-plan","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/oregon-sues-financial-company-over-losses-in-college-savings-plan.html","title":{"rendered":"Oregon sues financial company over losses in college savings plan"},"content":{"rendered":"<p>Montgomery Advertiser &#8211; State offi&shy;cials are seeking $36.2 million in damages from Oppenheimer&shy;Funds Inc., which managed a fund responsible for steep losses in the Oregon College Savings Plan.<\/p>\n<p>Officials said in a statement Monday that risky, &quot;hedge-fund like&quot; investments cost the Op&shy;penheimer Core Bond Fund 36 percent of its value last year &#8212; and 10 percent more so far this year.Meanwhile, comparable funds in a benchmark index posted a gain of about 5 percent for 2008, they said.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.montgomeryadvertiser.com\/article\/20090414\/BUSINESS\/904140328\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Montgomery Advertiser &#8211; State offi&shy;cials are seeking $36.2 million in damages from Oppenheimer&shy;Funds Inc., which managed a fund responsible for steep losses in the Oregon College Savings Plan. Officials said in a statement Monday that risky, &quot;hedge-fund like&quot; investments cost [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8923,6961,10204,10200,10203,10207,1482,10199,10191,10206,10198,10202,10201],"class_list":["post-10331","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-benchmark-index","tag-bond-fund","tag-cials","tag-college-savings-plan","tag-core-bond","tag-damages","tag-investments","tag-montgomery-advertiser","tag-obama-small-business-loans-and-refinancing-are-keys-to-economic-recovery","tag-oppenheimer","tag-oregon-college-savings-plan","tag-plan-officials","tag-steep-losses"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10331"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10331\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}