California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CalPERS Names Ben Meng New Chief Investment Officer
The California Public Employees Retirement System (CalPERS) named Yu Ben Meng chief investment officer (CIO) of its $360 billion portfolio. Meng is returning to the pension fund to assume the CIO role and will report to CalPERS CEO Marcie Frost.
Frost said, “Ben’s strong investment background makes him well-suited to lead our investment strategy. He understands the need to drive investment returns to help us achieve a fully-funded system.”
Meng, a U.S. citizen born in China, will oversee an investment office of nearly 400 employees and be responsible for investment policies, risk management, corporate governance standards, and environmental, social, and governance strategies. He will implement the asset allocation set by the CalPERS board, and manage the investment portfolio comprising public and private investments.
Meng, 48, most recently served as the Deputy CIO at the State Administration of Foreign Exchange (SAFE) for the past three years. Previously, Meng served at CalPERS for seven years.
Before joining CalPERS in 2008, Meng worked at Barclays Global Investors as a senior portfolio manager, Lehman Brothers as a risk officer, and Morgan Stanley as a fixed income trader.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦People
- ◦Sale/Acquisition
