Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Tag: Ben Meng
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
Ted Eliopoulos is leaving Friday, but new CIO Yu Ben Meng can’t start until January because of a non-compete agreement. Eric Baggesen will become interim CIO.
Yu Ben Meng’s start date is being held up by the Chinese government, which could delay a vote on the launch of a $20 billion direct private equity investment organization.
CalPERS consultant finds without a huge increase in new private equity commitments, the fund will see a declining allocation to the asset class.
Ben Meng’s predecessors did not have deep investment roots, instead administrative and political experience were their calling.
Start date has not yet been determined.
Deal with Ben Meng is not done, however, as negotiations continue on total compensation.