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Ex-Calpers CIO Faces State Probe Over Investment Disclosure (1)

Aug. 18, 2020, 1:14 AM

A regulator in California said it will open an investigation into actions by Ben Meng, the former chief investment officer at the California Public Employees’ Retirement System.

The California Fair Political Practices Commission said in an Aug. 11 letter to Meng’s lawyer that it will investigate allegations that he ran afoul of rules governing disclosure of personal investments, leading to his departure from the public pension. Meng stepped down on Aug. 5 from his post managing the fund’s $400 billion portfolio.

Meng and his attorney didn’t immediately respond to requests for comment Monday.

The board of Calpers held an ...