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Read more...Category Archives: CalPERS
Incoming Board Member Margaret Brown Criticizes CalPERS’ Plan to Hurt Beneficiaries by Hiring Unnecessary, High-Priced Private Equity Middlemen; CalPERS Violates Open Meeting Rules by Advancing Plan in Secret
Incoming CalPERS board member Margaret Brown dishes out some straight talk on where the giant pension fund needs to shape up.
Read more...Reform Candidate for CalPERS Board, Margaret Brown, Beats Incumbent Handily; Staff and Board Apparently Shell-Shocked
As the Sacramento Bee reported, In an upset, a CalPERS critic wins a seat on the pension board: Margaret Brown, a Southern California school district administrator, unseated incumbent Michael Bilbrey in a runoff election to win a seat on the California Public Employees’ Retirement System Board of Administration. Her victory on Tuesday marks an upset […]
Read more...New Study Undermines Rationale for Investing in Private Equity and CalPERS Strategy in Particular, as Oregon CIO Demonstrates that Public Pension Funds Are Dumb Money
A top private equity scholar finds her earlier work on persistence no longer holds, consigning a key industry defense to the dustbin.
Read more...Is the Sacramento Bee in the Business of Protecting CalPERS?
So why did the Sacramento Bee do CalPERS a big favor, particularly when CalPERS is clearly in the wrong?
Read more...CalPERS Corruption Watch: Chief Investment Officer Ted Eliopoulos Takes Illegal Business Solicitations From Recent Employee
On the one hand, the latest public disclosure of misconduct by CalPERS executives and staff isn’t earthshaking. On the other, it was still significant enough to merit a Financial Times story. And it also illustrates a thumb-nosing attitude toward the law that has become a CalPERS trademark. In a Financial Times FundFire article, Ex-CalPERS Exec’s […]
Read more...CalPERS’ Three Card Monte: Makes Unheard of Benchmark Change to Hide Expected Poor Private Equity Performance to Help Staff at Expense of Beneficiaries, California Taxpayers
Yet again, CalPERS is trying to use optics and dodgy reporting to cover up for real problems.
Read more...California Secretary of State Gives Unprecedented Qualified Certification for CalPERS Board Election; Vendor Everyone Counts Bars Public Viewing and Fails to Tabulate Paper Ballots as Required
Even the Secretary of State can’t bring himself to countenance CalPERS’ conduct in its recent board election.
Read more...How Naked Capitalism Got Me to Run for Office
How Naked Capitalism enabled a reader to act on promise to help those victimized by CalPERS’ bureaucracy.
Read more...CalPERS Doubles Down on Its Illegal Election, Makes “Absurd” Claim That It Is Above the Law
CalPERS refuses to change its election procedures to comply with California law, and has doubled down on ridiculous justifications instead.
Read more...CalPERS Can’t Even Figure Out How to Count Ballots in Accordance With Its Own Election Regulation, Let Alone Comply With California Law
CalPERS keeps digging its election hole even deeper.
Read more...CalPERS Board Candidate Margaret Brown Objects to Unconstitutional, Non-Secret, Insecure, Unauditable Election; Vendor Handling Phone and Internet Voting Criticized for Incompetence, Exaggerating Security of On-Line Voting
CalPERS’ election procedures would embarrass any self-respecting banana republic.
Read more...CalPERS Illegally Trying to Hide Its Scheming to Hand Over Private Equity to BlackRock
oard candidate Margaret Brown objects to CalPERS’ illegal secret discussions, most importantly, of outsourcing private equity to BlackRock.
Read more...Dow Jones Sent Mother of All Nastygrams to CalPERS Over Its Massive Copyright Infringement; New York Times Called It Outrageous, Brazen, Possibly Unprecedented
Missives from the Dow Jones and the New York Times to CalPERS confirm that the pension fund is going to have to write some very large checks.
Read more...CalPERS Runs Unconstitutional, Tamper-Friendly Election With Non-Secret Ballots
CalPERS’ new board election procedures make a mockery of the California Constitution’s requirement that voting be secret.
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