Oklahoma Values in State Investments | Tulsa News

Oklahoma’s State Treasurer Todd Russ is pushing to tie contract awards for the state’s $2 billion tobacco trust to “Oklahoma values,” sparking concern among board members over potential legal and fiduciary risks. The new criteria, which rates fund managers on their alignment with local economic and demographic priorities, marks a major shift from previous investment practices. Despite the board’s lack of full awareness when implementing the policy, Russ insists it’s essential to prioritize Oklahoma-based investments — even warning that his fiduciary duty demands action before final approvals. With a two-thirds vote needed to appoint new managers, the debate over balancing state priorities with traditional investment standards continues to heat up. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9d07bcccf61f8a5d