Secret Calpers Meeting on CIO Meng’s Exit Sparks Legal Fight
- Pension fund facing records suit over closed board meeting
- Calpers warns ex-director of possible legal action over leak
Photographer: Ken James/Bloomberg
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A confidential Calpers board meeting on chief investment officer Ben Meng’s abrupt departure is the subject of an intensifying legal fight between the nation’s largest public pension fund and a former director.
Joseph John “J.J.” Jelincic sued the California Public Employees’ Retirement System earlier this month for transcripts and minutes of what he said was an improperly closed meeting held soon after Meng’s Aug. 5 resignation in the face of an alleged conflict of interest involving a Blackstone Group Inc. investment. Jelincic, a former investment officer who retired in 2019, served on the Calpers board from 2010 to 2018.