Calpers Top Money Man Is Swept Up in Chinese Espionage Fears

  • Schwarzman, Marks defend CIO Ben Meng as allegiance questioned
  • Niall Ferguson warned Meng of backlash amid Trump trade war
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It was the kind of warning familiar to Fox viewers in the Trump era: An immigrant posed a danger to U.S. security.

Only this time, the purported threat wasn’t part of an “invasion” from Mexico or Guatemala -- he controls the fate of the retirement investments of millions of people in California.