Investments

Meet CalPERS’ New Chief Investment Officer

Headshot of Ben Meng, CalPERS CIO

At the beginning of this year, Ben Meng joined CalPERS as the new chief investment officer (CIO). He returns to CalPERS after spending the last three years as the deputy chief investment officer for the State Administration of Foreign Exchange.

He will oversee the CalPERS Investment Office 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 our $345 billion investment portfolio comprising public and private investments.

You can watch Ben in action at the Jan. 22 CalPERS Board offsite meeting, where he shared some of his initial thoughts on aspects he believes to be very important to improving CalPERS’ investment outcomes. You’ll see that a key theme is “focus” in sorting out skill from luck, and in the identification of CalPERS’ comparative advantage.

Ben holds a master’s degree in financial engineering from the Haas School of Business at the University of California, Berkeley, and a doctorate in civil engineering from the University of California, Davis. He also serves as an associate editor for the Journal of Investment Management.

In 2014, he was the recipient of the Cheit Award for Excellence in Teaching at the Haas School of Business.

Before previously 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.

Ben replaces Ted Eliopoulos, who left CalPERS to relocate to New York.