Roger Meier, chairman of the Oregon Investment Council, Tigard, from 1972 to 1986, died Monday following a stroke. He was 80 years old.
Mr. Meier was instrumental in increasing the domestic and international equity and private equity allocations of the $56 billion Oregon Public Employees Retirement Fund, said James George, former executive secretary at the council. "Oregon was mostly in fixed income, and Roger increased the exposure in equities in the fund in the early years, when it was very unusual for that to take place," Mr. George said. The Oregon fund, based in Salem, was the first public pension fund to launch a private equity program in 1982.
During Mr. Meier's tenure as chairman, the retirement system grew to $8 billion in assets from $400 million, Mr. George said.
A memorial reception will be held at 5 p.m. PDT Sunday at the Portland Art Museum. Details on memorials could not be learned by press time.