Public Pension Funds Regain Some Lost Ground in a Good Year, But CalPERS Lags Peers
CalPERS again falls short for its beneficiaries and California taxpayers.
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More Criticism of Private Equity Leverage on Leverage Via Subscription Line Financing
In a refreshing development, a private equity con, subscription line financing, is so extreme that members of the industry are opposing it.
Read more...Why CalPERS’ Scheme for an “Independent” Private Equity Entity Is the Wrong Solution to the Problem of Weak Skills
Further discussion of why CalPERS’ latest Big Idea for private equity needs a Big Rethink.
Read more...CalPERS Board Uncomfortable With Staff’s “Fire, Aim, Ready” Plan to Create Unaccountable Private Equity Vehicle
CalPERS’ staff is trying to railroad the board with a not-very-well-thought out idea of an “independent” private equity venture.
Read more...CalPERS’ CIO Plays Board Like a Fiddle, Uses Trumpian Tactics on Credulous True Believers
CIO Ted Eliopoulos digs CalPERS a bigger PR hole and CalPERS’ board is so thick that it approves.
Read more...CalPERS CIO Sings Out of Tune, But Board Applauds His Poor Performance
A former chief investment officer critiques a remarkable, and not in a good way, performance by CalPERS’ CIO Ted Eliopoulos.
Read more...CalPERS’ Massive Copyright Infringement Strongly Resembles Case That Awarded $19.2. Million in Damages
An key precedent confirms that CalPERS’ massive copyright infringement could generate over $10 million in damages to both the NYT ad and WSJ.
Read more...Catch Us on Harry Shearer’s Le Show Today!
We appear on Harry Shearer’s Le Show, discussing private equity and CalPERS. Be sure to tune in!
Read more...New York Times Sends Cease & Desist Letter Over CalPERS’ Massive Copyright Infringement; Potential Damages Eight Figures for Times and WSJ Each; Theft Extends to Virtually Every News Publication in US
CalPERS, the biggest public pension fund, appears to have perpetrated the largest copyright infringement in the history of the news industry.
Read more...“Heads Should Roll at CalPERS”: Who Should Be Held Accountable for Massive Copyright Infringement?
CalPERS’ copyright theft is so large and indefensible that not only might it force a shakeup, but the truly responsible people could go.
Read more...CalPERS to Game Benchmarks Yet Again to Flatter Private Equity, Understate Risk, Boost Staff Bonuses
CalPERS is lying with numbers yet again, this time with its private equity benchmarks.
Read more...CalPERS Internal News Site Ignores Unfavorable Stories, Steals Copyrighted Material
One of the reasons we’ve had insight into what CalPERS is thinking is that it has an internal news site that it curiously has not password protected, as you’d expect, particularly given how it operates.1 Historically, we found it useful not only because it gave us insight into what the Office of Public Affairs (PAOF) […]
Read more...How CalPERS General Counsel Matt Jacobs Violated California Bar Rules
In other CalPERS posts today, we discuss the legal and IT implications of the fact that Christopher Philips, a member of CalPERS’ legal department, posted comments seeking to undermine our credibility and that of board member JJ Jelincic. We explain how Phillips violated California bar rules. As a result of examining California State Bar Act […]
Read more...CalPERS Legal Department Employee Trolls Naked Capitalism Site, Putting Focus on Violations of Bar Rules
A CalPERS employee appears to have broken state bar rules in a meant-to-be anonymous comment left at Naked Capitalism.
Read more...CalPERS’ Comment on Naked Capitalism Reveals Mid-Level Network Security Deficiency; What Else Might Be Wrong?
An IT professional’s take on a CalPERS security lapse:” It looks like their network security monkey is pretty lazy.”
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