{"id":10339,"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":"state-of-oregon-sues-oppenheimerfunds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/state-of-oregon-sues-oppenheimerfunds.html","title":{"rendered":"State of Oregon Sues OppenheimerFunds"},"content":{"rendered":"<p>New York Times Blogs &#8211; Officials in Oregon are seeking $36.2 million in damages from <strong>OppenheimerFunds<\/strong>, which managed an account responsible for steep losses in the state&rsquo;s college savings plan.<\/p>\n<p>Officials said in a statement on Monday that risky &ldquo;hedge-fund like&rdquo; investments cost the Oppenheimer Core Bond Fund 36 percent of its value last year and 10 percent more so far this year.<\/p>\n<p>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:\/\/dealbook.blogs.nytimes.com\/2009\/04\/14\/state-of-oregon-sues-oppenheimerfunds\/\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times Blogs &#8211; Officials in Oregon are seeking $36.2 million in damages from OppenheimerFunds, which managed an account responsible for steep losses in the state&rsquo;s college savings plan. Officials said in a statement on Monday that risky &ldquo;hedge-fund [&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":[8923,6961,10200,10203,10207,1482,4291,10206,10256,10202,10257,10201],"class_list":["post-10339","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-benchmark-index","tag-bond-fund","tag-college-savings-plan","tag-core-bond","tag-damages","tag-investments","tag-new-york-times","tag-oppenheimer","tag-oppenheimerfunds","tag-plan-officials","tag-s-college","tag-steep-losses"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10339","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=10339"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10339\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}