investments

Washington state investments
7:37 am
Wed July 18, 2012

Washington's pension owns resort in paradise, among far-flung investments

Marlon Brando’s private atoll Tetiaroa as seen from the air. Photo courtesy of Pacific Beachcomber

Originally published on Tue January 8, 2013 4:47 pm

OLYMPIA, Wash. – There’s a government office in Olympia where employees travel the globe and titans of Wall Street are regular visitors. The singer Bono even dropped in once, after a concert.

We’re talking about the Washington State Investment Board. Its job is to maximize returns on an $85 billion investment portfolio. To do that the Board invests in some very exotic places.

About the closest most of us will ever get to Tahiti is a Paul Gaughin painting or the beach image on our computer screensaver. But Steve Draper’s been there several times.

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