CalPERS Comes Dead Last of 34 Public Pension Returns Despite Having Biggest, Best Paid Investment Office
CalPERS can’t manage its way out of a paper bag.
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“RLB Can Suck a Dick”: CalPERS Board VP Theresa Taylor Debases CalPERS, Sneers at Workers and Little People in Unhinged, Factually False Attack on SEIU California President
CalPERS Board VP and Investment Committee chair Theresa Taylor has yet another put foot in mouth and chew incident.
Read more...Quelle Surprise! New Study Confirms that Public Pension Funds Use Flattering Benchmarks to Hide Failure to Beat Simple Indexing; CalPERS Is a Case Study
Documenting yet another way public pensions funds lie to themselves and their many constituencies about their performance.
Read more...Robinhood’s Revealing Ad Pitch: We’re All Investors, Alone
The latest Robinhood campaign is more raspberry than rah rah.
Read more...Kentucky Retirement System Litigation Against KKR, Blackstone, PAAMCO et. al. Takes New Class Action/Civil RICO Twist
Those pesky lawyers behind Mayberry v. KKR won’t give up! And some private equity titans are likely plenty unhappy about that.
Read more...How Intel Financialized and Lost Leadership in Semiconductor Fabrication
Intel is the poster child of how stock buybacks come at the cost of technological innovation.
Read more...A Quick Comment on China Stomping on Chinese Stock Listings in the US
Another big and costly dustup over Chinese listings in the US. But now Chinese officials signal they want broad-scale change.
Read more...Australian Funds Take Aim at Private Equity by Moving to Do Deals in House
More challenges to private equity firms, now from super sized Australian “super” funds who are bringing PE in house.
Read more...Decisions Finally Coming in Long-Running Battle with Hedge Fund Titans in Kentucky Pension Case, Mayberry v. KKR
Mayberry v. KKR, centering on the alleged abuse of the clueless Kentucky Retirement Systems by Wall Street titans, may finally restart.
Read more...How Third-Party Auditors Make Oil Industry Fraud Possible
Oil companies hire accountants to legitmate inflated financial claims. Investors and regulators are targeting these auditors for fraud.
Read more...CalPERS Desperate Response to Suit Over Illegal Secret Board Discussions and Other Abuses Seeks to Drag Case Out as Long As Possible
CalPERS’ intelligence-insulting answer to former board member Jelincic’s transparency lawsuit says that CalPERS is just dragging things out.
Read more...Lawmakers Are Firing Back At Fossil Fuel Divestors
Red state retaliation! Fossil fuel states will take business away from firms that divest from energy producers.
Read more...CalPERS Long-Term Care Program Bleeds Policyholders Dry via 10X Higher Premiums, Gross Mismanagement, Bad Faith Dealing
CalPERS continued to abuse its long-term care policy holders, via contract-defying rate increases vastly higher than other insurers.
Read more...Dan Walters, Dean of Sacramento Columnists, Blasts CalPERS’ Corruption-Friendly Secret Lending Bill
Dan Walters, Sacramento’s most respected political columnist, calls out CalPERS’ corruption.
Read more...Plaintiffs in Kentucky Retirement System Pension Case Expose Flagrant Corruption in Hiring of Tainted Attorney Regina Calcaterra, Best Known for Sabotaging New York Anti-Corruption Commission
Kentucky Retirement Systems stooped low in cooking its hiring process to pick coverup artist Regina Calceterra to run an “investigation”.
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