Private equity

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Wrong Way CalPERS: Dumping $6 Billion of Private Equity After Struggling to Put Money to Work and Then Increasing Target

Published by Anonymous (not verified) on Fri, 14/01/2022 - 10:54pm in

CalPERS is trying to do something more obviously nonsensical than usual.

California Suit Takes Aim at Private Equity Engaging in Illegal Practice of Medicine by Owning Outsourced MD Practices

Published by Anonymous (not verified) on Wed, 22/12/2021 - 10:53pm in

An important new suit targets a central and not even well disguised private equity abuse: illegally practicing medicine via owning MD groups.

Judge Rules CalPERS Violated Bagley-Keene Open Meeting Act by Holding Improper Closed Session After Ben Meng Resignation

Published by Anonymous (not verified) on Tue, 21/12/2021 - 10:51pm in

CalPERS got a bloody nose in court. Maybe the board will wise up and behave better in the future.

Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing

Published by Anonymous (not verified) on Fri, 10/12/2021 - 10:50pm in

CalPERS, which has lagged nearly all other public pension funds' performance, is doubling down on failure by resorting to leverage.

Endowments’ Money Management Destroying Value Demonstrates Economic Drain of Asset Management Business

Published by Anonymous (not verified) on Thu, 09/12/2021 - 8:21pm in

How endowments, the supposedly best and brightest fiduciaries, are destroying value.

Satyajit Das: Fintech’s ‘Flim-Flam’ Innovation Games

Published by Anonymous (not verified) on Wed, 01/12/2021 - 10:50pm in

Not surprisingly, fintech looks like a variety of old scams in new bottles.

Finance Group Fails To Deliver at COP26

Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.

An Increase in Interest Rates Would Be An Act of Class Warfare

While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.

CalPERS Continues to Violate Law Via Secret Board Discussions; Upcoming Monday Illegal Secret Placement Agent Review Raises Concerns About Bribery

Published by Anonymous (not verified) on Sun, 14/11/2021 - 4:30pm in

A previous CalPERS CEO went to prison for taking bribes. CalPERS is now illegally hiding the type of fees that generated those bribes.

SEC Chair Gary Gensler, Ever So Politely, Signals Intent to Cut Private Equity Grifting Way Back

Published by Anonymous (not verified) on Fri, 12/11/2021 - 10:11pm in

SEC chair Gary Gensler puts private equity in his crosshairs. Will he fire?

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