Global Conference 2010
Chief Investment Officer, California Public Employees' Retirement System (CalPERS)
Joseph Dear is Chief Investment Officer of the California Public Employees′ Retirement System (CalPERS). He oversees all asset classes in which CalPERS invests, including domestic and international equity, Treasury and agency debt, high-yield bonds, mortgage-backed securities, collateralized debt obligations, real estate, corporate governance, currency overlay, securities lending, venture capital, leveraged buyouts and hedge funds. Dear is responsible for the strategic plan for the CalPERS Investment Office, including tactical asset allocation, risk management, business development, budget authority, new investment programs, trading technology, staffing and back-office operations. He joined CalPERS in 2009, after serving as executive director for the Washington State Investment Board. In this role, he oversaw a staff of 73 to implement the board′s investment policy decisions. He was responsible for more than $67.6 billion within 38 funds. Dear received a B.A. in political economy from The Evergreen State College in Olympia, Wash.