California State Controller Betty Yee asks CalPERS, the largest public U.S. investment fund, to launch an inquiry into the abrupt exit of its chief investment officer
FILE PHOTO: A sign at California Public Employees' Retirement System headquarters in Sacramento, California, U.S. February 14, 2017. REUTERS/Max Whittaker
Yu Ben Meng, a U.S. citizen born in China, resigned from his position at the $400 billion fund last week, saying he needed to focus on his health and family. Meng has twice worked for CalPERS, the first time starting in 2008 and the second time beginning in January 2019 when he became CIO, according to the fund’s website.
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