Buy and hold works, says Calpers CIO Joe Dear as the pension fund giant is set to top the $260B...

|By:, SA News Editor

Buy and hold works, says Calpers CIO Joe Dear as the pension fund giant is set to top the $260B in AUM it had before the financial crisis struck. "There is an important lesson there ... we didn't drastically reduce our equity exposure." So the fund which dove into real estate at the top then sold at the bottom is giving lessons?