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Joseph Dear, CalPERS investment head post-crisis, dies at 62

Joseph Dear, who as chief investment officer of the California Public Employees Retirement System rebuilt the biggest U.S. public pension after a $96 billion loss, died yesterday in Sacramento. He was 62.

By Michael B. Marois, Bloomberg | Updated on February 27, 2014

Feb. 27 (Bloomberg) — Joseph Dear, who as chief investment officer of the California Public Employees’ Retirement System rebuilt the biggest U.S. public pension after a $96 billion loss, died yesterday in Sacramento. He was 62.

The cause was prostate cancer, the fund said in a statement. His illness was disclosed in June, when he handed some day-to-day investment responsibilities for the $283.9 billion fund to his second-in-command, Theodore Eliopoulos. Eliopoulos will continue as acting chief investment officer pending a search for a new CIO, according to the statement.

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