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Oregon Investment Council

Oregon Investment Council

The Oregon Investment Council oversees the investment and allocation of all State of Oregon trust funds, including the Oregon Public Employees Retirement Fund, the Common School Fund, and the State Accident Insurance Fund.

Council members are fiduciaries. Four members are appointed by the governor, and two are ex officio members: The State Treasurer and the director of the separate agency that administers the Public Employees Retirement System.

The council meets eight times annually. All of the meetings are open to the public. 

Investment and Management Beliefs

Statement of Funds Governance

Statement of Investment Objectives and Policy Framework

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Council Members

Upcoming OIC Meetings Calendar with Agendas

OIC Meeting Announcements, Minutes and Audio

Council members

Appointed Members

John Russell, Chair
Russell Development Company, Inc.

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 Commission 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. His current term ends in March 2023.


Cara Samples

Fulcrum Wealth Management Group

Cara Samples is the chief financial officer at Fulcrum Wealth Management Group. Prior to that, she was a partner at Nierenberg Investment Management. Ms. Samples has a BA in economics from Yale University.

Ms. Samples was appointed by Governor Kate Brown on January 13 and confirmed by the Oregon Senate on February 6, 2020. Her current term expires January 22, 2022.

Monica Enand

Monica Enand is the Founder of Zapproved, a cloud-based software provider for corporate legal departments, where she currently serves as Chief Executive Officer. Enand chairs the Board of Directors of Auth0, is a board member of Oregon Business Council and NW Natural Gas, and is immediate past President of Board of the Technology Association of Oregon. She previously served on the Oregon Growth Board and Oregon Innovation Council. Enand received the 2018 Sam Blackman Award for Civic Engagement, the 2016 Portland Business Journal Entrepreneur of the Year award, and the 2010 Portland Business Journal Orchid Award for achievement for women in business. Enand holds a Bachelor of Science degree in computer engineering from Carnegie Mellon University and a Master of Business Administration degree from the University of Portland.

Ms. Enand was appointed by Governor Kate Brown on May 18, 2020. She was confirmed by the Oregon Senate in June 2020. Her term expires in June 2024.

Charles Wilhoite

Mr. Wilhoite is a managing director at Willamette Management Associates, a Portland-based firm specializing in financial advisory and business valuation services. Before beginning his 30-year career at Willamette Management Associates, Mr. Wilhoite worked for KPMG and received degrees in finance and accounting from Arizona State University. His many professional accreditations include certified public accountant, certified fraud examiner, and certification in financial management.

Mr. Wilhoite currently chairs the board of directors of Legacy Health and is the immediate past chair of the boards of the Federal Reserve Bank of San Francisco-Portland Branch and The Nature Conservancy of Oregon. Additional board and volunteer service includes board membership with Meyer Memorial Trust, the National Association of Corporate Directors—Northwest Branch, NW Natural Holdings, Oregon Health & Science University, the Oregon Housing Stability Council, the Portland Business Alliance, the Portland State University Foundation, and the Urban League of Portland, among many others.

Mr. Wilhoite’s appointment by Gov. Kate Brown was confirmed by the Senate on April 19, 2021. His term expires in April 2025.

Members by Position

Tobias Read
State Treasurer (Serves by Position)

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).


Kevin Olineck
Director, Public Employees Retirement System (Serves by Position)

Mr. Olineck was appointed the Director of the Public Employees Retirement System (PERS) effective July 16, 2018. He is responsible for administration of the statewide retirement system serving more than 347,000 members, retirees and beneficiaries. Prior to joining PERS, Olineck was a senior executive with British Columbia Pension Corporation as well as Alberta Pension Services, two of the largest public sector pension administrators in Canada. Olineck has a degree in Public Administration from the University of Saskatchewan, his Certified Employees Benefits Specialist (CEBS) designation as well as his Institute of Corporate Governance, Directors (ICD.D) designation.

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 Meetings, Agenda, and Details

 Content Editor


OIC Meeting Books, Minutes, and Audio


Public Meeting Materials MinutesAudio
Regular Meeting: December 8, 2021

Training Meeting: December 1, 2021

Regular Meeting: October 27, 2021
Regular Meeting: September 8, 2021
Minutes Audio
Regular Meeting: June 2, 2021
Regular Meeting: April 21, 2021
Minutes Audio
Regular Meeting: March 10, 2021
Regular Meeting: January 28, 2021
Minutes Audio


Regular Meeting: December 9, 2020
Minutes Audio
Regular Meeting: October 28, 2020
Regular Meeting: September 9, 2020
Regular Meeting: July 22, 2020
Regular Meeting: June 3, 2020
Regular Meeting: April 22, 2020
Regular Meeting: March 11, 2020
Regular Meeting: January 30, 2020 Minutes Audio


Regular Meeting: December 11, 2019 Minutes Audio
Regular Meeting: October 30, 2019 Minutes Audio
Regular Meeting: September 18, 2019 Minutes Audio
Cancelled Meeting: August 7, 2019----
Regular Meeting: June 5, 2019 Minutes Audio
Regular Meeting: April 24, 2019 Minutes Audio
Regular Meeting: March 13, 2019 Minutes Audio
Regular Meeting: January 31, 2019 Minutes Audio

For earlier meeting materials, please visit the OIC Meetings Archive page.

Still not finding what you are looking for? Fill out a Public Records Request.

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