Theodore Eliopoulos, CalPERS' senior investment officer for real estate, is taking on day-to-day responsibility of the pension fund while Chief Investment Officer Joseph Dear is being treated for prostate cancer, said CalPERS spokesman Brad Pacheco.
Mr. Dear will continue to work from the office and from home, Mr. Pacheco said.
“This is a personal issue, and we respect the privacy of Joe and his family,” Mr. Pacheco said by e-mail. “We wish Joe a very successful treatment.”
Mr. Eliopoulos was California's chief deputy treasurer before joining the $259.8 billion California Public Employees' Retirement System, Sacramento, in 2006.