OJCF ends quarter with 10.97% return

By JEWISH REVIEW

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The Oregon Jewish Community Foundation posted a 10.97 percent return on investment for the quarter ending June 30.
    
Ending market value of the OJCF portfolio of funds managed by First Republic Investment Management in Portland was $29,258,469.
    
Dollar value growth of the portfolio during the quarter was $2.67 million, which was actually $1.17 million ahead of the foundation’s year-to-date value growth for the quarter owing to the earlier overall downturn in market values during the worst of the recent financial crisis.
    
By contrast, year-to-date return on investment is just 5.88 percent, which is 5.09 percent below the most recent quarter’s percent of gain, signaling an upturn in the market.
    
OJCF Executive Director John Moss called the performance of the portfolio “a leading indicator of the philanthropic outlook for the Jewish community.”
    
He credited the portfolio’s performance to “asset allocation, a strong defensive strategy that protects the portfolio during the downward trend and maximizes gains during the upward movement.”