Kyle Bass wrote (https://twitter.com/Jkylebass):
“Yu Meng resigns from CALPERS. A “Thousand Talents” recruit and a Communist Party of China life member as the former Deputy CIO of SAFE for the CPC.”
Yu (Ben) Meng, Ph.D.
Chief Investment Officer
Yu (Ben) Meng rejoined CalPERS in January 2019 as chief investment officer (CIO).
He oversees an Investment Office of nearly 400 employees and manages investment portfolios of roughly $400 billion, including the Public Employees’ Retirement Fund and affiliate funds.
Yu, a U.S. citizen born in China, returned to CalPERS after more than three years as the deputy CIO at the State Administration of Foreign Exchange (SAFE), the largest asset pool in the world with assets under management of over $3 trillion U.S. dollars.
Prior to his time at SAFE, he served at CalPERS for seven years with his last role as the investment director of Asset Allocation. He also was a portfolio manager in fixed income.
Before joining CalPERS in 2008, Yu worked at Barclays Global Investors as a senior portfolio manager, Lehman Brothers as a risk officer, and Morgan Stanley as a fixed-income trader...
He 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.
https://www.calpers.ca.gov/page/about/organization/executive-officers/ben-meng
19 Dec 2019: LA Times: Climate change threatens billions in CalPERS pension fund
By Julia Rosen
California’s massive Public Employees’ Retirement System has released the first climate risk assessment of its $394-billion pension fund.
The draft report, which was submitted to the CalPERS board this month, found that one-fifth of the fund’s public market investments were in sectors that have high exposure to climate change. Those include energy, materials and buildings, transportation, and agriculture, food and forestry...
Allen introduced Senate Bill 964 to make sure that CalPERS, which has a long history of climate activism, was fully considering such questions when it came to its own holdings...
https://www.latimes.com/environment/story/2019-12-19/climate-change-threatens-billions-in-calpers-pension-fund