CalPERS Goes North For New CIO

Jan 23 2009 | 1:00am ET

The California Public Employees’ Retirement System has named Joseph Dear, currently executive director of the Washington State Investment Board, as its chief investment officer.

Dear will oversee more than 220 investment professionals and support staff and a diversified portfolio that includes stocks, fixed-income, private equity, real estate and inflation-linked assets at the nation’s largest public pension fund. He held a similar post in the Evergreen State, overseeing $67 billion and 39 funds. WSIB invests in similar asset classes to CalPERS and uses both passive and active management strategies.
 
“Mr. Dear has more than 20 years experience managing large governmental bodies, and in particular under his leadership over the last six years, Washington State Investment Board has had good results and been exceptionally well managed,” said Rob Feckner, president of the CalPERS board of administration.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of