Chief investment officer of the California Public Employees’ Retirement System (CalPERS) Joe Dear has returned to work full time.
Dear, pictured, will continue to work full time after stepping back from his role and working from home after being diagnosed with prostate cancer earlier this year, said PeHUB.
CalPERS senior investment officer for real assets Theodore Eliopoulos, who stepped in as acting CIO, has now returned to his normal role, said the report.
Since Dear joined CalPERS from the Washington State Investment Board in 2009, the fund has seen its assets under management rise to $274.6bn from $164.7bn.
Last month it was reported that CalPERS planned to start buying secondary holdings worth $600m per year.
In July this year CalPERS said that its investment returns reached 12.5 per cent in the past 12 months thanks to the strong performance of its private and public equity and real estate arms.
Private equity returns were down slightly on the last results released in February, which saw it recoup 14.1 per cent from the asset class. That was better than its public equity investments over the same period, which returned 10.5 per cent.
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