Institutional Investors People Moves

CalPERS appoints Dear as new CIO


Joseph Dear has been appointed the new chief investment officer at the $178 billion California Public Employees' Retirement System. Due to start in March, Dear was the unanimous choice of the CalPERS board and joins from the Washington State Investment Board, where he has been the executive director for the last six years.

Joseph Dear

Prior to Washington, Dear worked as the governor relations officer at the Frank Russell Company. At CalPERS, he will oversee more than 220 investment professionals and support staff and a broadly diversified portfolio that includes hedge funds and funds of