How Shareholder Activism Became Toxic—and How to Fix It
How shareholder activism, which once helped check self-serving managements, has become the province of hedge fund extortionists.
Read more...Category Archives: CalPERS
Private Equity Pummeled by Higher Interest Rates as Portfolio Companies and Credit Funds Struggle; Use of PIK Loans Now Recalls Late 1980s LBO Crisis
More and more private equity and private credit deals are looking over-extended. How bad might things get?
Read more...A National Cartel Fixing Rental Housing Prices: The Scandal Continues to Grow
The company at the heart of the rapacious conspiracy finally makes a statement following FBI raid in Atlanta and increasingly incriminating and devastating details.
Read more...Private Equity Becomes Roach Motel as Public Pension Funds and Other Investors Borrow As Funds Remain Tied Up
Oopsie! Private equity firms are hanging on to investor money for an unseemly amount of time! What to do?
Read more...Financial Times Tells CalPERS Not to Go Further Into the Private Equity Haunted House
The Financial Times debunks private equity flim-flammery even as CalPERS and others sign up for more.
Read more...“Should CalPERS Fire Everyone and Just Buy Some ETFs?”
Another well-substantiated critique of CalPERS’ investment performance.
Read more...Bloomberg Details How Unqualified CalPERS Chief Investment Officer Nicole Musicco Floundered Before Sudden Exit; Sports Focus Raises Specter of Possible Conflicts of Interest
More on the implosion of former CalPERS Chief Investment Officer Nicole Musicco.
Read more...CalPERS Chief Investment Officer Nicole Musicco Resigns Abruptly, Intensifying CalPERS’ Senior Staffing Instability
CalPERS lurches into a new crisis. The official story of the sudden resignation of CIO Nicole Musicco does not add up. What gives?
Read more...CalPERS Chief Investment Officer Musicco and Son in NBA Playoffs Courtside Seats Next to Billionaire Warriors Owner and Kleiner Perking Partner Joe Lacob. What Gives?
Another case of a CalPERS executive, here Chief Investment Officer Nicole Musicco, making clear they think they are above California law
Read more...How Private Equity Bribes Public Pension Fund Officials: Subsidized/Fund-Paid Lavish Travel and Entertainment
Yet more private equity corruption! And see how little it costs to buy the assent of public pension fund employees.
Read more...Public Pension Funding Average Now Below 50%, Yet Beneficiaries and Press Stay Mum
That light at the end of the public pension fund tunnel is the headlight of the underfunding train bearing down on them.
Read more...CalPERS’ Refusal to Put Clearly Insolvent Long-Term Care Insurance Plan in Bankruptcy Increases Harm to Policyholders and Makes Board and Responsible Executives Liable
CalPERS continues to behave badly.
Read more...A Big Reckoning Starting for Private Equity and Its Public Pension Fund Enthusiasts
Private equity returns are finally going pear-shaped, but for the most part, investors are re-upping their bets.
Read more...Please, Vote for Somebody in the CalPERS Board Election. Your Money Is at Stake.
If you are a CalPERS retiree, please be sure to vote in the board election now underway. You deserve to be properly represented.
Read more...Wrong Way CalPERS Increased Private Equity Allocation by Over 50% as Investors Are Dumping Holdings
The Financial Times reports that private equity investors are running for the exits as CalPERS plans to pile on.
Read more...