CalPERS Cooks Its Books: Grossly Understated Investment Consultant Meketa’s Expenses in Annual Financials; Made a Criminal False Account by Burying the Cost

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Published by Anonymous (not verified) on Fri, 11/09/2020 - 11:05am in

CalPERS violates accounting rules by hiding outside consulting costs in internal investment overheads. None of the possible reasons are good.