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Calpers Investment Chief Joe Dear Dies of Cancer at 62

Joseph Dear, who as chief investment officer of the California Public Employees’ Retirement System rebuilt the biggest U.S. public pension after a $96 billion loss, died yesterday in Sacramento. He was 62.

The cause was prostate cancer, the fund said in a statement. His illness was disclosed in June, when he handed some day-to-day investment responsibilities for the $283.9 billion fund to his second-in-command, Theodore Eliopoulos. Eliopoulos will continue as acting chief investment officer pending a search for a new CIO, according to the statement.