Tuesday, 31 March 2015
Last updated 3 min ago
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.
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…