Joseph Dear, chief investment officer for the California Public Employees Retirement System, is taking an indefinite leave of absence as he continues his treatment for prostate cancer, the nation’s biggest public pension fund announced Friday.
Last May, when he began cancer treatment, Dear handed over his day-to-day duties to Ted Eliopoulos, CalPERS’ senior investment officer for real estate.
Dear, 62, had returned fulltime this past fall, but as of January “he’s receiving more treatment. This is essentially a continuation of that (original) leave,” said CalPERS spokesman Joe DeAnda.
DeAnda said there was no timetable for Dear’s return, pending his treatment schedule. In his absence, Eliopoulos will serve as acting CIO, as well as senior real estate investment officer. Since Dear was hired by CalPERS in March 2009, he has overseen a resurgence in the fund’s recession-battered investment portfolio, which is now valued at roughly $277 billion.
Call The Bee’s Claudia Buck, (916) 321-1968.