Investment Environment `Very Tough,' Dear Says

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April 30 (Bloomberg) -- Joe Dear, chief investment officer of California Public Employees' Retirement System, talks about the investment strategy of the largest U.S. public pension and outlook for returns. He speaks with Bloomberg Television special correspondent Willow Bay at the Milken Institite 2012 Global Conference in Los Angeles. They speak on Bloomberg Television's "InBusiness." (Source: Bloomberg)

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