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
Upcoming OIC Meetings Calendar with Agendas
OIC Meeting Announcements, Minutes and Audio
|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.
|Rex Kim, Vice Chair
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
Mr. Kim was appointed by Gov. Kate Brown on January 12,
2016 and confirmed by the Oregon Senate in February 2016. His current term ends in February 2020.
Patricia Moss served as CEO of Cascade Bancorp and Bank of the Cascades
from 1998 to 2012, and prior to that time served as the company’s Chief
Financial Officer and Chief Operating Officer. She has served on several
public boards and one private company board, ranging from banks, mutual
funds, natural resources, health care, utilities and construction as well
as multiple non-profit boards. She is a previous chair of the Oregon Growth
Fund Board. She has served as a board member or chairman for Central Oregon
Community College, St. Charles Medical Center, Bend Chamber of Commerce,
Oregon State University Advisory Board, and several other community roles
and fund raising campaigns. She earned a Bachelor of Science in Business
from Linfield College in McMinnville.
Ms. Moss was appointed by Gov. Kate Brown on Nov. 20, 2018. She was
confirmed by the Oregon Senate in December 2018. Her term expires in
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.
Members by Position
|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
|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)
The Director of the Public Employees Retirement System is
an ex-officio member of the OIC with no voting power, per