The $445 billion California Public Employees’ Retirement System (CalPERS) has extended its global search for a new CIO, following the resignation of CIO Ben Meng in August 2020.
Meng served less than two years in the role, having started in January 2019. During that time, CalPERS recorded a 4.7 percent return for fiscal year 2019–2020, surpassing its 4.3 percent benchmark. Dan Bienvenue, deputy CIO of CalPERS, was named interim CIO during the search for a permanent successor.
CalPERS said the position carries extraordinary responsibility and requires a multi-talented investor who has the vision and expertise to guide the pension fund’s $445 billion investment portfolio, lead Investment professionals and navigate what is a dynamic and public work environment.
“CalPERS did not make an offer during this r