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Calpers Investment Chief Ben Meng to Step Down From Largest U.S. Pension

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It marks an abrupt exit for the investment chief, who set out to implement a reform agenda at the giant pension

California Public Employees’ Retirement System Investment Chief Ben Meng has resigned after about a year and a half in the position at the nation’s largest pension fund, according to the fund.

. Mr. Meng cut ties with a real-estate developer on a high-profile hometown property project, fired underperforming stock pickers and pushed staffers to take a closer look at private asset valuations.

 

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When USA pensions' median annualised performance is 3.2%, they blame Meng has not achieved the 7% aggressive target return, especially for this difficult year. It's sinister, hypocritical and RACIST!

But for the highly corrupt Calpers board, the CCP member Meng would never have hired.

Good riddance

CalPERS and Marcie Frost must explain if Ben Meng resigned due to any wrongdoings. Is Mr. Meng part of the CCP Thousand Talents program?

Did Ben Meng give account of the stolen hacked datas of pensioners information under his watch in his administration b4 resigning? It took 1yr + for them to figure out data breech of pensioners .

ok

Just another corrupt operator who got caught.

After running the system down and exposure of retirees data informations in thousands hacked for over one yr without Meng knowing.Poor leadership and corruption.

Many $$$$$$$$$, konw? Hi! Vuuuuuu Juliojosecabre1

Indictment coming?

Corruption

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Fonte: Reuters - 🏆 2. / 97 Leggi di più »