Yu Meng aka Ben Meng

Conflicts of Interest

Fine: $10,000

FPPC No: 20/629

Meng, as Chief Investment Officer for the California Public Employees’ Retirement System (CalPERS), made two governmental decisions that had a reasonably foreseeable material financial effect on Meng’s financial interest, The Blackstone Group Inc., in violation of Government Code section 87100 (2 counts).