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Meng Yu

Yu (Ben) Meng

Senior Portfolio Manager


Meng Yu

Dr. Yu (Ben) Meng is a Senior Portfolio Manager at the California Public Employees' Retirement System (CalPERS) where he is responsible for Asset Allocation. At CalPERS, Asset Allocation encompasses various assets such as domestic and international equity, Treasury and agency debt, corporate bonds, mortgage backed securities, CDOs, private real estate, currency overlay, venture capital, leveraged buyouts, and hedge funds.

From 2009-2011, Dr. Meng served as a portfolio manager at CalPERS leading the fixed income quantitative research group. One of his first projects at CalPERS was to develop a quantitative capital structure allocation strategy between equity and corporate bonds. He developed and led a quantitative measure for liquidity risk and a tool to monitor systemic risk. Also, in collaboration with an outside consultant, he led the research effort at CalPERS to develop a factor-based asset allocation and risk management framework that is internally consistent across all asset classes, public and private. Before joining CalPERS, Dr. Meng was the head of research and senior portfolio manager of quantitative hedge fund strategies with Barclays Global Investors. Prior to that, he was a risk officer at then Lehman Brothers after his role as a bond trader at Morgan Stanley.

Dr. Meng graduated from the inaugural class of the Master's program in Financial Engineering (MFE) at Haas School of Business at UC Berkeley in 2002. He worked as a civil engineer for three years after graduating from UC Davis in 1998 with a doctoral degree in Civil Engineering.

During his career, Dr. Meng has managed multi-billion dollars in assets and has worked with numerous financial products. In his spare time, he teaches at the Haas School of Business at UC Berkeley and the Graduate School of Management at UC Davis. He is also on the editorial board of Journal of Investment Management (JOIM) and on Drexel University's Board of Advisors.