Investment Chief of CalPERS, Country’s Largest Pension Fund, Steps Down

A view of California Public Employees' Retirement System (CalPERS) headquarters in Sacramento, Calif., on Feb. 14, 2017. Max Whittaker/Reuters

Ben Meng, who managed California’s $400 billion pension fund—the nation’s largest—has resigned as chief investment officer at California Public Employees’ Retirement System (CalPERS) after about a year and a half in the role.

CalPERS oversees benefits for more than 2 million of the state’s public employees.