Dawn Lim and Heather Gillers, 美国最大退休基金拟聘中国外管局官员担任首席投资长. 华尔街日报, Sept 20, 2018
https://cn.wsj.com/articles/CN-FIN-20180920073238
the first three paragraphs (the website withholds the rest):
"知情人士透露,中国外汇监管机构的一名官员是美国最大公共退休基金下任首席投资长的最热门人选。
"其中一名知情人士称,加州公务员退休基金(California Public Employees' Retirement System)已向中国国家外汇管理局(简称:外管局)副首席投资官孟宇(Ben Meng)发出职位邀请。外管局管理着中国超过3万亿美元的外汇储备。2010年代初孟宇曾在该加州退休基金工作过。
"上述知情人士称,截至周三上午,孟宇尚未签署工作邀请函。孟宇周三晚间联系《华尔街日报》(The Wall Street Journal)称,他是美国公民,是作为一名外国合同工在外管局工作。他表示,对相关招聘流程不予置评。
, which is translated from
Dawn Lim and Heather Gillers, Biggest US Public Pension Looks to China for New Investment Chief.
https://www.marketwatch.com/stor ... nt-chief-2018-09-19
Quote:
"An official with China's foreign-exchange regulator is the lead candidate to become next investment chief of the largest US public pension fund, according to people familiar with the matter. The California Public Employees' Retirement System [with $360 billion in assets, responsible for benefits to more than 1.9 million active or retired public employees] has offered the job to Ben Meng, deputy CIO of China's State Administration of Foreign Exchange [(SAFE)], one of these people said. The agency is in charge of China's more than $3 trillion in foreign reserves. Meng previously worked for the California pension fund earlier this decade [where he left in 2015 for SAFE]. Meng hadn't signed an offer letter as of Wednesday morning, this person said. Meng contacted The Journal late Wednesday to say he is a US citizen working at the Chinese agency as a foreign contractor. He said he had no comment on the hiring process.
"Calpers earned 8.6% in fiscal 2018 but has underperformed median returns for peers tracked by Wilshire Trust Universe Comparison Service in five, 10 and 20 years ended June 30. * * * It has just 71% assets on hand to pay for all future benefits owed to retirees and public employees. The funded ratio for the largest 100 US public pension plans was 71% as of June 30
"Mr Meng joined Calpers in late 2008 as a portfolio manager for its fixed-income quantitive research group and later was promoted to help oversee the pension fund's investmen mix.
Note:
(a) There is no need to read the rest.
(b) Meng's official title in China: 国家外汇管理局中央外汇业务中心副首席投资官孟宇.
(c) Yu (Ben) Meng, Adjunct Professor in Master of Financial Engineering (MFE) Program, University of California Berkeley Haas School of Business, undated lists him as "Head of Asset Allocation at CalPERS [yes, using present tense] PhD, civil engineering, UC Davis * * * " That Web page is no longer available, probably because Meng is longer there at Berkeley..
Meng received Master of Financial Engineering (MFE) from Berkeley in 2002. He had received his pHD from Davis before that, but I fail to find out what year.
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