Joseph Dear, CalPERS' chief investment officer, is taking medical leave for the second time in seven months and will be temporarily replaced again by Theodore “Ted” Eliopoulos, current senior investment officer for real estate.
Mr. Eliopoulos will resume the duties as acting CIO of the $282.8 billion California Public Employees' Retirement System, Sacramento, a position he took on when Mr. Dear originally went on medical leave in June, confirmed spokesman Brad Pacheco in an e-mail.
Mr. Dear, who is being treated for prostate cancer, had resumed full-time responsibilities in mid-fall, said another CalPERS spokesman, Joe DeAnda, in an interview. He did not immediately know the exact date Mr. Dear returned to his duties.
Mr. DeAnda said the new medical leave is indefinite and will allow Mr. Dear to continue to be treated for his condition. He said the leave is indefinite, but Mr. Dear will still be involved in management responsibilities as his medical condition permits.