Joe Dear

Joe Dear News

  • Calpers Tops $260 Billion as It Recoups $95 Billion Loss

    The California Public Employees’ Retirement System reached a market value of $260.8 billion in assets, surpassing the high set before the global financial crisis wiped out more than a third of its wealth.

  • Cleaning Up Calpers

    After the largest U.S. pension fund lost $70 billion and got embroiled in an influence- peddling scandal, new investment chief Joe Dear says the only way out of this mess is to take more risk.

  • Calpers After Scandal Embraces Risk Facing $240 Billion Gap

    Joe Dear is giving a pep talk to more than two dozen colleagues at the California Public Employees’ Retirement System. As Dear paces before his people on this July afternoon in Sacramento, he implores them to shake off the funk of the pension fund’s recent troubles.

  • Calpers Buy-Hold Rule Recoups $95 Billion Recession Loss

    The California Public Employees’ Retirement System is poised to top a record $260 billion in assets, the market value it held before the global financial crisis wiped out more than a third of its wealth, by sticking with a strategy of buy-and-hold.

  • Private Equity Tax Break ‘Indefensible,’ Calpers’ Dear Says

    The tax rate paid by private equity managers on much of their income, less than half that for ordinary wage earners, is an “indefensible” tax break, the chief investment officer of the California Public Employees’ Retirement System said.

  • Calpers Earned 12.5% Return in 2010, Chief Investment Officer Dear Says

    The California Public Employees’ Retirement System, the largest U.S. public pension, earned a 12.5 percent return in 2010, led by gains in private equity and U.S. stocks, Chief Investment Officer Joe Dear said.

  • Calpers' Dear Says Finance Overhaul Needed to Restore Investor Confidence

    Legislation being debated in the U.S. Congress to overhaul Wall Street regulation is essential to restoring investor confidence in capital markets, said the top investment officer of the largest U.S. public pension fund.

  • California Pension Freezes Executives’ Pay, Cuts Bonuses

    The California Public Employees’ Retirement System, the largest pension in the U.S., reduced bonuses 12 percent for investment officers after stocks dragged down returns. Most also went without pay raises.

  • California Pension Freezes Executives’ Pay, Cuts Bonuses

    The California Public Employees’ Retirement System, the largest public pension in the U.S., paid 12 percent less in bonuses to investment officers after stocks dragged down returns. Most also went without pay raises.

  • Calpers Chief Says 7.75% Return Tough to Meet

    The California Public Employees’ Retirement System will be hard-pressed to return 7.75 percent this year as Europe’s debt crisis and the weak U.S. recovery continue to weigh on global stocks, its investment chief said.

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