Episode
CalPERS: Leverage, liquidity, inflation
In this Fiduciary Investors series podcast Amanda White talks to Ben Meng, chief investment officer of CalPERS, the largest pension fund in the United States.
Meng, who oversees an investment office of nearly 400 employees and manages investment portfolios of roughly $400 billion, talks about the fund’s plan to achieve its 7 per return target – including the use of leverage – the liquidity management of the fund and how it could deploy capital during the crisis, and the inflation.