An important fiduciary duty lawsuit against some of the biggest names in the hedge fund and private equity worlds is moving forward. If the plaintiffs win, it could change the balance of power between investors and fund managers.
Read more...America’s falling life expectancy is a symptom of rising social distress.
Read more...Another look at the ugly Sears bankruptcy.
Read more...Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.
Read more...An update on an important pension fund fiduciary duty case.
Read more...How hedge fund activists, who largely operate as a type of corporate raider, have subverted the notion of “shareholder democracy” and what can be done to rein them in.
Read more...Leftout podcast of The Hudson Report, with Michael Hudson, discussing the award to Argentina of the biggest loan in the IMF’s history (includes transcript).
Read more...Hedgies made hundreds of millions speculating on the British pound the night of Brexit. Did Brexiteer Nigel Farage help them do it?
Read more...Why the departure of Ted Eliopoulos from CalPERS could wind up being the end of an era.
Read more...Yet another stunning indictment of public pension fund management. If the biggest funds with the best staffs can’t beat a simple Vanguard portfolio, why aren’t more heads rolling?
Read more...Is a pension fund management revolution brewing in what would seem to be the most unlikely place, that hotbed of corruption, the Kentucky Retirement Systems?
Read more...Decoding the press release on the new health care venture from Berkshire Hathway, Amazon, and JP Morgan.
Read more...A jury acquitted front line workers in the horrific Lac-Mégantic “bomb train,” but the higher-ups have not been held to account.
Read more...A case filed at the end of last year, Mayberry v. KKR, hasn’t gotten the attention it warrants. The suit, which we’ve embedded at the end of this post, was filed on behalf of the beneficiaries of Kentucky Retirement Systems (KRS), the state’s public pension fund and its taxpayers, against Blackstone, KKR/Prisma, and PAAMCO for […]
Read more...Arguably the UK’s most influential think tank, Legatum’s background in ‘disaster capitalism’ reveals much about its Brexit agenda.
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