On Monday, Ben Meng, Chief Investment Officer of the California Public Employees’ Retirement System (CalPERS), spoke to the CalPERS Investment Committee about the new investment strategy needed to meet obligations and secure benefits for future generations. In an opinion piece published in the Wall Street Journal on Sunday, Meng spoke of the plans, noting that the new investment strategy is not without risk, but stating that CalPERS has “implemented a comprehensive, forward-looking plan for mitigating risk”. CalPERS has posted a set of frequently asked questions (FAQs) discussing the target return rate and how CalPERS plans to achieve the goal. The FAQs are accessible here.
