Category Archives: CalPERS

Why Is CalSTRS Continuing to Out-Perform CalPERS?

Not surprisingly, CalPERS’ performance leaves much to be desired.

Why Is CalPERS’ Staff Serving Up Tech Charlatanism to Its Board?

CalPERS’ staff enlists McKinsey to pull yet another fast one on its board.

Will Investors Like CalPERS Fall for Private Equity’s Long-Lived Fund Con?

Beware of the private equity “innovation,” the long-lived or “permanent capital” fund. It is virtually guaranteed to short change investors on returns needed to compensate for the longer holding period.

Leaked Memo by Larry Sonsini Shows Sonsini and CalPERS Violating Fiduciary Duty With Proposed Private Equity Outsourcing Scheme

A leaked memo written for CalPERS by Silicon Valley attorney Larry Sonsisi not only reflects poorly on him and CalPERS, but also validates concerns about corruption.

CalPERS Makes Nasty, Inaccurate, and Self-Damaging Attack on Dean of Sacramento Columnists for Criticizing Private Equity Outsourcing Scheme

CalPERS, in a desperate-looking defense of its private equity outsourcing scheme, scores an own goal.

McKinsey’s and CalPERS’ Ignorance and Sleight of Hand on Private Equity

McKinesy and CalPERS appear to be kidding themselves at least as much as the general public on the subject of private equity.

Top Private Equity Commentator Dan Primack, Even CalPERS’ Own Consultant, Diss CalPERS Indirect Private Equity Investment Scheme

CalPERS gets more thumbs down on its new private equity gimmick.

Charles Asubonten Has Left CalPERS; Los Angeles Times’ Mike Hiltzik Questions Competence of Executives

Chief Financial Officer Charles Asubonten has exited CalPERS.

CalPERS CIO Ted Eliopoulos Tells 5 Big Lies in Presenting Super Indirect Private Equity Scheme

CalPERS’ Chief Investment Officer Ted Eliopoulos seemed unable to offer a truthful, coherent rationale for two new private equity schemes he unveiled last Friday. CalPERS beneficiaries and California taxpayers should be worried.

CalPERS Issues False and Misleading Press Release to Try to Railroad Board on Private Equity Industry Enrichment Scheme

A brazen example of CalPERS staff trying to muscle board members and have them violate their fiduciary duty regarding a massive, misguided, and sketchy private equity outsourcing scheme.

CalPERS Board Members Say They Don’t Want to Do Their Jobs, Can’t Be Bothered With Dealing With Their Mail

The CalPERS board makes an embarrassing display of how little interest it has in rolling up its sleeves and doing some work.

CalPERS Chief Investment Officer Ted Eliopoulos to Leave at Year End; Investment Office Adrift Due to Senior Level Vacancies

Why the departure of Ted Eliopoulos from CalPERS could wind up being the end of an era.

Update: CalPERS Chief Financial Officer Charles Asubonten Now Not Presenting at Board Meeting Today

A bit of evidence suggests that Charles Asubonten may be on his way out of CalPERS.

CalPERS CEO Marcie Frost’s Featherbedding: Seeks Further Pay Increase Despite Underfunding, Municipalities Suffering to Meet Rising Pension Bills

Why authorizing a further pay increase for CalPERS CEO Marcie Frost is indefensible, but CalPERS cronyistic board will almost certainly set that plan in motion next week.

Criminality, CalPERS Style: Board Members Misappropriate Public Funds by Signing Blank, Undated Expense Forms

The CalPERS Board President, Priay Mathur, the Board Services Unit, and board members are pre-signing expense forms in violation of the California Penal code.