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Oregon Investment Council (OIC)

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Orego​n Investm​​ent Council (OIC)

This council invests all State of Oregon funds, including the Oregon Public Employees Retirement Fund and the State Accident Insurance Fund.

Oregon Investment Council ​Members

Appointed Mem​bers

Rukaiyah Adams
Vice Chair
Meyer Me​morial Trust
05/01/2013 - 01/22/2014
01/23/2014 - 01/22/2018​​

Rukaiyah Adams is the Chief Investment Officer at Meyer Memorial Trust (MMT).  In that position, she is responsible for leading all investment activities to ensure the long-term financial strength of the organization including investment policy, asset allocation, performance measurement, manager selection and risk management.  Under her leadership, MMT invests in a diversified portfolio of global equities, fixed income, private equities (including venture, buyout and distressed securities), real estate, commodities and hedge funds.  Before joining Meyer, she was the Director, Investment Management at The Standard.  Ms. Adams serves on the Board of Directors of Portland Center Stage.  Ms. Adams holds a BA with distinction from Carleton College, a JD from Stanford Law School and an MBA from Stanford Graduate School of Business.

Ms. Adams's appointment by Gov. John Kitzhaber was confirmed by the Senate on April 30, 2013.

Rex Kim
Multnomah Group​
01/12/2016 - 01/12/2020

​Rex Kim is a Retirement Consultant at Multnomah Group, an independent retirement plan consulting firm headquartered in Portland.  In his role as consultant, he works alongside plan sponsors to assist them in making sound decisions related to their organization's employee retirement accounts.  Prior to Multnomah Group, he was a Managing Director at Tallwoods Partners, involved with investment research on behalf of the firm's clients and advising clients on how to properly manage their investment portfolios.  Before Tallwoods, Mr. Kim worked as a portfolio manager with Common Sense Investment Management, a fund of hedge funds.  Prior to CSIM, he was the Director of Hedge Fund Research at CTC Consulting.  Mr. Kim has taught graduate level courses as an adjunct instructor at the University of Portland.  He is a graduate of Carleton College.

Mr. Kim was appointed by Gov. Kate Brown on January 12, 2016 and confirmed by the Oregon Senate in February 2016.

Rick Miller
Rogue Venture Partners
01/01/2017 - 12/31/2020

Rick Miller is a co-founder of Rogue Venture Partners, a private equity firm supporting Oregon-based entrepreneurs and start-ups, as well as founder and manager of the Avamere Group, one of the Northwest’s largest senior-care and housing providers. A seventh generation Oregonian, Mr. Miller graduated from the University of Oregon in 1987 with a Bachelor of Arts degree in Marketing and Management. He earned a Masters in Business Administration from Portland State University (1991) and an Oregon MBA Advanced Strategy Certificate from the University of Oregon (2015). Mr. Miller is a member (and past chair) of Portland’s Young Presidents Organization and serves on the corporate boards of Diabetomics, Payless Pharmacy, Ardon Pharmacy, Radar and SightBox. He is past chair of both the Oregon Health Care Association and the American Health Care Association, and is currently vice-chair of the Portland State Board of Trustees. 

Mr. Miller was appointed by Gov. Kate Brown on Nov. 21, 2016 and confirmed by the Oregon Senate on Dec. 14, 2016.

John Russell
Russell Development Company, Inc.
04/01/2015 - 03/31/2019

John Russell founded Russell Development Company in 1979, where he presently serves as President. The company's downtown projects include 200 Market Street and Pacwest Center. The former project is known as one of the city's more sustainably built structures. Russell is a former member of the Oregon Transportation Commission, former chair of the Portland Development Commission, former vice president of the Portland City Planning Com​​mission and former member of Portland Historic Landmark Commission. Mr. Russell holds BS degrees in Naval Architecture and Marine Engineering from Webb Institute of Naval Architecture, and an MBA from Harvard Business School.

Mr. Russell’s appointment by Gov. Kate Brown was confirmed by the Senate on April 1, 2015.


Members by Position 

Tobias Read (by position)
State Treasurer

​Tobias Read took office on Jan. 2, 2017 as Oregon's 29th State Treasurer. He previously worked in the U.S. Treasury and as a liaison between designers, engineers and manufacturing units for Nike Inc. Prior to being elected Treasurer, he served a decade in the Oregon House of Representatives and championed legislation to invest in public education, improve state financial management, finance critical infrastructure improvements, and to help Oregonians save for more secure futures. As Treasurer, he oversees Oregon's financial services agency.

The State Treasurer is a voting member of the OIC per ORS 293.706(4).

Steve Rodeman (by position)
Director, Public Employees Retirement System

Mr. Rodeman was appointed the Executive Director of the Public Employees Retirement System effective November 1, 2014. He is responsible for administration of the statewide retirement system serving more than 330,000 members, retirees and beneficiaries. Rodeman has served as the PERS Deputy Director since June 2008 and joined the agency in November 2001. Before becoming Deputy Director, he ran the agency’s Policy, Planning & Legislative Analysis Division, providing policy development, strategic planning, government relations, and legal services management. Rodeman has an undergraduate degree from Humboldt State University and a law degree from Willamette University College of Law. 

The Director of the Public Employees Retirement System is an ex-officio member of the OIC with no voting power, per ORS 293.706(5).​


OIC/OPERF Governance Documents

Regular Meetings Begin at 9:00 am
at Oregon State Treasury
16290 SW Upper Boones Ferry Road
Tigard, OR 97224 

2017 Meeting Sc​hedule

  • February 1, 2017
  • March 15, 2017
  • April 26, 2017
  • June 7, 2017
  • August 9, 2017
  • September 20, 2017
  • November 1, 2017
  • December 13, 2017

​Links to Documents

OIC Meeting Materials 2010


OIC Meeting Materials 2016​

OIC Meeting Materials 2014​   ​​​

OIC Meeting Materials 2013   

OIC Meeting Materials 2012   

OIC Meeting Materials 2011   


OIC Meeting Materials 2009

OIC Minutes and Sound Recordings 2016​ 

OIC Minutes and Sound Recordings 2015   

OIC Minutes and Sound Recordings 2014​   

OIC Minutes and Sound Recordings 2013


OIC Minutes and Sound Recordings 2012

OIC Minutes and Sound Recordings 2011


OIC Minutes 2005


OIC Minutes 2004  

OIC Minutes 2002 


2014 Sudan report to legislature (Executive Summary)
2013 Sudan report to legislature (Executive Summary)
2012 Sudan report to legislature (Executive Summary)  
2011 Sudan report to legislature (Executive Summary)   
2011 Sudan report to legislature    
2011 Sudan Report, Attachment A    
2010 Sudan report to legislature (Executive Summary)    
2010 Sudan report to legislature    

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