Private equity

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CalPERS: Poster Child of Private Equity Cargo Cultism

Published by Anonymous (not verified) on Thu, 22/10/2020 - 8:25pm in

CalPERS' zealous defense of private equity looks pathological. So we hazard a diagnosis.

Profits Over Human Life? ER Doctor’s Story Is Fearful Lesson for U.S. Workers During Pandemic

Published by Anonymous (not verified) on Thu, 22/10/2020 - 4:02pm in

Dr. Ming Lin spoke out about Covid safety and was fired. A doctor working for corporations must check his medical ethics at the door.

An Indictment of the “Standard Model” for Pension and Endowment Investing

Published by Anonymous (not verified) on Fri, 16/10/2020 - 9:50pm in

A lucid and daming explanation of why public pension funds and other instutitional investors regularly fall short of popular indexes.

Why Has Mayoral Candidate Scott Stringer Invested New York City Pensions in Private Equity Firms Like Blackstone?

Published by Anonymous (not verified) on Wed, 14/10/2020 - 9:11pm in

The New York City pension system provides more proof that investing in private equity hurts performance.

What Did Billionaire Leon Black of Apollo Get for >$50 Million in Fees to Jeffrey Epstein?

Published by Anonymous (not verified) on Tue, 13/10/2020 - 7:35pm in

The more we learn about Leon Black's relationship with sex offender Jeffrey Epstein, the less there is to like.

Looking for the Private Equity Lending Train Wreck in All the Wrong Places?

Published by Anonymous (not verified) on Mon, 28/09/2020 - 8:30pm in

How immient is a bust in private equity related debt?

Journal of Applied Corporate Finance – A Tribute to SSRN’s Co-Founder

Published by Anonymous (not verified) on Sat, 12/09/2020 - 3:26am in

It is an honor to present the Summer 2020 issue of the Journal of Applied Corporate Finance on SSRN! We have partnered with the JACF for over 15 years to include the journal’s uncompromised research in our eLibrary, but this issue is special to us. The introduction by editor Don Chew pays tribute to Michael C. Jensen, Harvard Business School Emeritus, and co-founder of SSRN.

Helping Jensen co-found SSRN, beginning with the Financial Economics Network, is one of my proudest achievements. SSRN expanded significantly when Ron Gilson and Mitch Polinsky started the Legal Scholarship Network on the SSRN platform. Jensen and SSRN changed the way finance, economics, and legal working papers were distributed.

The Summer issue of the JACF is devoted to the subject of “Private Equity and Public Companies”—and, by the way, includes a wonderful article by Ron Gilson and Jeff Gordon that shows public companies how to improve their boards. In addition to the resources provided by SSRN to many academic beneficiaries, Jensen is best known among his finance colleagues as the heir to Adolf Berle in formulating the theory of “agency costs” and as the intellectual father of leveraged buyouts and private equity. If you read Don Chew’s introduction, I think you will understand why.

Enjoy the issue! You can also read other Journal of Applied Corporate Finance papers and, Mike’s “agency costs” and other papers.

Interested in adding your work to SSRN? Set up your free account, today.

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22 Year Study Finds Hedge Fund Managers Collect 64% of Investors’ Gross Returns

Published by Anonymous (not verified) on Thu, 03/09/2020 - 5:57pm in

Hedge fund managers claw an awful lot in fees out of their investors but the reasons look to be different than for private equity.

Tom Ferguson: Biden Blurring Almost Everything

Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal

CalPERS Board Member Theresa Taylor, Under Investigation for Multi-Year Failure to Report Income, Digs Her and CalPERS’ Hole Deeper Via Supporting Conflicted Actions Taken by Ex-Chief Investment Officer Meng

Published by Anonymous (not verified) on Thu, 27/08/2020 - 2:40pm in

CalPERS' Board Vice President Theresa Taylor shoots herself and CalPERS in the foot.