Tag Archives: Yu Ben Meng

CalPers’ Corrupt Chinese Communist Chief Investment Officer Resigns

(Natural News) Yu Ben Meng, the investment chief of the United States’ largest public pension fund, has resigned from his post, the firm confirmed in an email Wednesday.

Andy Wong / AP

According to company data, Meng was with the California Public Employees’ Retirement System or CalPERS for less than two years, during which he helped manage pension and health benefits for more than 1.6 million California public employees, retirees and their families, with the total funds amounting to about $360 billion USD.

Meng, who mentioned a desire to “spend time with his family” and “work on his health” as a reason for his resignation, will be replaced in the meantime by Dan Bienvenue, CalPERS has confirmed.

A Chinese-born US citizen, Meng’s employment with CalPERS was marred with controversy after it was found that he worked for three years as the Deputy Chief Investment Officer of China’s State Administration of Foreign Exchange (SAFE), which manages Beijing’s U.S. Treasury security holdings.

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