CalPERS Discusses 1.1% 2011 Calendar Year Returns January 24, 2012
Due to the high volatility of global equity markets in 2011 (caused in large part by the ongoing Euro debt crisis and the slowing of global economic growth), the CalPERS pension fund earned 1.1 percent in investment returns for calendar year 2011.
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Investment Office Operations January 20, 2012
Managing the operational aspects of CalPERS investment portfolio of more than $220 billion dollars is a huge responsibility.
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CalWatchdog Comments on 3D Are Completely Wrong October 3, 2011
Steven Greenhut’s recent comments on CalWatchdog.com about the Diverse Director DataSource – “3D” – are incorrect.
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CalPERS CIO on Investment Target: “The game has gotten harder, but it’s not impossible to succeed” September 30, 2011
My recent remarks on Bloomberg Television about the challenges for CalPERS to meet its 7.75 percent assumed rate of return have caught the attention of financial reporters, not to mention critics of public pensions including CalWatchdog.com.
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CalPERS CIO Joe Dear on CNBC Squawk Box August 9, 2011
Chief Investment Officer Joe Dear said in an interview on CNBC’s “Squawk Box” morning show...
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Boosting Returns at CalPERS July 21, 2011
: On CNBC’s “Closing Bell,” Chief Investment Officer Joe Dear discusses CalPERS fiscal year preliminary returns of 20.7 percent and his concerns about the ongoing debates in Europe and the United States over debt.
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CalPERS Reports a 20.7 Percent Return on Investments July 19, 2011
CalPERS reported a 20.7 percent return on investments in preliminary estimates for the one-year period that ended June 30, 2011. This is the Pension Fund’s best annual performance in 14 years, and the second straight fiscal year that the Fund exceede
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CalPERS Has Prudent Approach Says its Chief Actuary in Letter to the Sacramento Bee July 5, 2011
In a letter to the editor to the Sacramento Bee, Alan Milligan, Chief Actuary for CalPERS, wrote the following in response to a Viewpoint authored by David Crane, former Special Advisor for Jobs and Economic Growth to Governor Schwarzenegger.
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CalPERS Writes to Congress Regarding Financial Bills June 28, 2011
CalPERS has written to the leaders of the House Financial Services Committee to express concern about three bills that “would undermine several important financial regulatory reforms.”
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Now is the Time to Play it Safe: CalPERS CIO June 24, 2011
Now is the time to play it safe in the market given all the uncertainty in the economy, according to the Chief Investment Officer of the California Public Employees' Retirement System.
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CalPERS CIO FT Opinion on Threats to Financial Growth, Importance of Market Governance June 3, 2011
In this opinion for the Financial Times, CalPERS Chief Investment Officer describes what keeps him up at night and his views on the threats to financial growth.
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CalPERS CIO Tells Fox Business News that Pension Fund is Approaching 15 Percent Return May 9, 2011
Chief Investment Officer told Fox Business News recently that CalPERS is approaching a 15 percent annual return going into the last two months of the fiscal year.
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CalPERS CIO Shares Fund Recovery with NPR May 6, 2011
Joe Dear, Chief Investment Officer for CalPERS, tells National Public Radio about CalPERS $70 billion recovery in the investment markets after the financial crisis and strategies to earn higher investment returns.
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CalPERS Dear Discusses Boosting Returns to Provide Pensions, CNBC Closing Bell May 3, 2011
Chief Investment Officer Joe Dear said on CNBC's "Closing Bell" program that CalPERS retirement benefits are sustainable with prospects of strong investment returns in private equity, emerging markets and collaborative infrastructure projects with...
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CalPERS Assumed Rate of Return Low Compared to Other States March 23, 2011
CalPERS 7.75 percent assumed rate of investment return – or discount rate – is low compared to other state pension funds according to the National Association of State Retirement Administrators.
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CalPERS Sees Double-Digit Gains in 2010 January 26, 2011
CalPERS earned a 12.5 percent net return on investments for the 2010 calendar year.
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Third Quarter Shows Continued Recovery for Pension Funds January 4, 2011
A U.S. Census Bureau report shows the assets of the 100 largest U.S. pension funds rose 6.2 percent in the third quarter of 2010.
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CalPERS Gains 13.3 Percent in 2009-10 Fiscal Year November 9, 2010
The audit of CalPERS investment performance in the fiscal year that ended last June 30th shows an annual return of 13.3 percent.
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CalPERS Responds to Associated Press Investigative Story on Investment Compensation September 21, 2010
CalPERS wishes to note some important key facts about investment compensation and incentive awards in light of today's Associated Press story:
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CIO Joe Dear on Cleaning Up CalPERS September 3, 2010
"As the steward of the largest pool of investment capital in the U.S., Joe Dear has the clout to shape how the asset management industry adapts to a volatile, post-crash global market."
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CalPERS CIO: "No money manager needs to hire a placement agent" April 7, 2010
CalPERS Chief Investment Officer Joseph Dear testifies before the California Assembly Committee on Public Employees, Retirement and Social Security in support of AB 1743 which would require placement agents to register as lobbyists...
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We Have a Disciplined, Proactive Approach September 23, 2009
While no one can predict what will happen in the markets, we're aggressively developing strategies to increase future earnings.
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