CalPERS CEO Marcie Frost on resignation of CIO Yu Ben Meng

CalPERS CIO Yu Ben Meng resigned from his position in August amind concerns over a potential conflict of interest. California Public Employees' Retirement System is the nation's largest public pension fund, which manages pension and health benefits for more than 1.6 million California public employees, retirees and their families, said in a statement it will begin an immediate search for a permanent successor. CalPERS CEO Marcie Frost joins "Squawk Box" to discuss.

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