CalPERS appoints new chief investment officer

The Sacramento-based public pension hires an executive to oversee an Investment Office of nearly 400 employees.

California Public Employees’ Retirement System (CalPERS) CEO Marcie Frost today announced the naming of Yu Ben Meng as the pension fund’s new chief investment officer (CIO).

CalPERS is welcoming back Meng, who previously served a seven-year stint as their investment director of Asset allocation. After which, Meng spent three years as the Deputy CIO at the State Administration of Foreign Exchange (SAFE). Meng replaces Ted Eliopoulos, who leaves to relocate to New York. A start date has yet to be determined.

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