Tag: Ben Meng

Alternatives July 19, 2021

CalPERS’ In-House Private Debt Program Is Dead

A California legislative committee killed a bill that would have allowed the pension system to hand out loans without full public disclosures about the borrower.

Asset Allocation July 14, 2021

CalPERS Reports Preliminary Return of 21.3% for 2020-21

The strong performance triggers a reduction in the assumed rate of return to 6.8%.

Pensions April 5, 2021

CalPERS Suspends Search for New CIO

Pension system officials say they won’t restart the search until early July, and they didn’t offer a timetable as to when a new person will take the job.

Asset Management Culture March 15, 2021

Controversy Still Follows CalPERS’ CIO Resignation

More than a half-year after Ben Meng resigned, a lawsuit and pending pension system policy decisions are bringing his departure back into the limelight.

Asset Management Culture October 28, 2020

New CalPERS CIO Could See $2.4 Million Payout

That compensation is tied to five-year goals as part of an effort to reduce turnover at the largest public pension in the US.

Asset Management Culture September 17, 2020

New Investment Restrictions Coming for CalPERS CIO

The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.

Asset Management Culture August 18, 2020

California Opens Investigation into Former CalPERS CIO Meng

He could face penalties of $5,000 per violation if he is found to have breached ethics regulations.

Newsmakers August 7, 2020

CalPERS CIO Ben Meng’s Departure Linked to Questions on His Financial Disclosure

At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.

Newsmakers August 6, 2020

CalPERS CIO Ben Meng Resigns from Nation’s Largest Pension Fund

Deputy chief Dan Bienvenue will take over until the retirement system finds a replacement.

Asset Management Culture February 13, 2020

Indiana Congressman Calls on CalPERS CIO To Be Fired

Ben Meng is too close to the Beijing regime, says lawmaker Jim Banks, joining earlier attack from Secretary of State Mike Pompeo.

Asset Allocation December 9, 2019

CalPERS CIO: No Divestment of Fossil Fuel Companies

Addressing climate change advocates directly, Ben Meng says divestment is not the fiscally sound path.

Manager Selection December 4, 2019

Exclusive: CalPERS Fires Most of Its Equity Managers

Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.

Newsmakers July 16, 2019

CalPERS Continues to Talk with Private Equity Teams

The pension plan is still intent on building its own private equity organization.

Risk July 15, 2019

CalPERS Just Misses Investment Target

CalPERS investment returns of 6.7%, below its 7% target, will likely be part of the discussion this week at retreat meeting.

Newsmakers June 14, 2019

CalPERS Commits More than $1 Billion To PE

However, new co-investment program won’t be discussed this month as expected, and the fate of proposed direct-style private equity program also remains unclear.