Thursday, 26 March 2015
Last updated 11 min ago
Jun 13 2012 | 10:41am ET
The CIO of the nation’s largest public pension will chair the Securities and Exchange Commission’s newly formed investor advisory committee.
Joe Dear, chief investment officer at the $226 billion California Public Employees’ Retirement System, says he’s “deeply honored to have been selected" for what he termed a "critical leadership role.”
“This committee will give a strong voice to investors on financial and regulatory matters,” said Dear in a statement. “Investor input is important to making sure that we don’t forget the painful lessons we learned from the recent financial crisis.”
The 21-member committee replaces the advisory committee disbanded after the Dodd-Frank Act became law. It will advise the Commission on regulatory priorities, the regulation of securities products, trading strategies, fee structures, the effectiveness of disclosure and on initiatives to protect investor interests and to promote investor confidence and the integrity of the securities marketplace.
Committee members were nominated by all five sitting Commissioners and represent a wide variety of interests, including senior citizens and other individual investors, mutual funds, pension funds and state securities regulators.
In addition to Dear, they include Darcy Bradbury, a managing director at D.E. Shaw & Co; Roy Katzovicz, partner and chief legal officer at Pershing Square Capital Management; and Ann Yerger, the executive director of the Council of Institutional Investors
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…