Category Archives: CalPERS

CalPERS Keeps Board in the Dark About How Private Equity “Subscription Line Financing” Gooses Staff and General Partner Pay and Systemic Risk

CalPERS is asleep at the switch yet again.

Wall Street Journal Trolls CalPERS After Getting It to Correct Expense Misrepresentation

The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.

4 Lies in 25 Seconds: CalPERS’ Wylie Tollette, PR Staff, Keep Cooking Cost Numbers Despite Being Called Out

Another example of institutionalized lying is deeply rooted at CalPERS, even though they aren’t very good at it.

Board Member JJ Jelincic Calls Out CalPERS’ “Roy Cohn,” General Counsel Matt Jacobs

CalPERS board member JJ Jelincic shows the lengths to which the board and staff will go to silence dissident board members.

WSJ: JJ Jelincic to Leave CalPERS Board

JJ Jelincic is retiring from CalPERS’ board. He has made some more pointed comments about the sorry state of affairs at the pension fund.

Board Candidate Asks Whether CalPERS Is Cooking the Books to Fatten Bonuses

CalPERS board candidate Margaret Brown finds a lot not to like in the way CalPERS continues to play fast and loose with figures.

CalPERS and Board Come Out Losers Over Kangaroo Court Against Its Most Effective Board Member (Updated)

CalPERS and its board seem incapable of understanding that when you are in a hole, you need to stop digging.

CalPERS Hides Bogus Persecution: Promised Public Hearing for Lone Effective Director Held in Secret

CalPERS doubles down on a bogus scheme to neuter its one effective board member reneging on its promise to have a public hearing of charges.

Skepticism About Private Equity Fees Going Mainstream: Pew and CalPERS Versus Yale and Industry Stalwarts

Private equity is getting defensive about its fees, and for good reason: its justifications for them are being exposed as hollow.

Corruption at CalPERS: General Counsel Matt Jacobs as Exemplar of Culture of Casual Lying

A spotlight on General Counsel Matt Jacobs as a prime example of what is wrong at CalPERS.

Why Did CalPERS Pay FTI Consulting $224,625 for a Garbage-In, Garbage-Out Private Equity Whitewash?

Why did CalPERS hire FTI Consulting to cover up for private equity firms?

CalPERS, CalSTRS, Other Investors Have Indemnified Private Equity Criminal Conduct Even Though Fiduciary Counsels Say No

CalPERS board member JJ Jelincic confirms yet another major lapse by private equity investors.

More Railroading of CalPERS Board: General Counsel Withholds That Fiduciary Counsel Candidate Is Leading Case That Undermines CalPERS and CalSTRS

Yet more abuses and derelictions of duty by CalPERS’ general counsel Matt Jacobs. Please circulate this post to CalPERS and CalSTRS members.

CalPERS’ General Counsel Railroads Board on Fiduciary Counsel Selection

CalPERS’ general counsel is upping his power grab with the board’s selection of its fiduciary counsel.

CalPERS’ Private Equity Portfolio Continues to Earn Way Too Little for the Risk

CalPERS private equity returns are not pretty, but at least the giant pension fund seems to recognize private equity’s glory years are past.