Category Archives: Investment management

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.

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.

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.

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.

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.

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.

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”.

Private Equity and Hedge Fund Barons Having a Hissy Over Carried Interest Grift Because Biden Isn’t Staying Bought

The end of the carried interest loophole has been long in coming. Will the sell-by date finally arrive?

The Corporate Food Takeover

Corporate ownership in many sectors of food production has risen and is set to increase further. Another rentier program well underway.

California Judiciary Committee Gives Blistering Assessment of CalPERS’ Fiduciary Duty Failings in Analysis of Fraud-Friendly Private Debt Secrecy Bill

The Judiciary Committee’s analysis of a CalPERS-sponsored bill shows that Sacramento is noticing the fund’s chicanery and incompetence.

CalPERS Employee Accused of Embezzling $685,000 from Beneficiary Bank and CalPERS Accounts Hasn’t Been Arrested, Much the Less Prosecuted. Why the Cover Up?

CalPERS has allowed an employee accused of massive embezzlement to go free for months rather than seek her arrest and prosecution. What is it hiding?

Softer Monetary Policy Increases Inequality

Quelle suprise! Asset-goosing loose monetary policy helps the rich more than the poor even in egalitarian Denmark.

Expose at Pennsylvania’s Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe

Pennsylvania pension fund PSERS is under the hot lights for pricey travel. And its explanations only confirm its capture by private equity.

FBI Investigating Reporting Fraud at $62 Billion Pennsylvania Public Pension Fund, PSERS; Returns Allegedly Falsified to Avoid Increased Worker Contributions

A major public pension fund, PSERS, looks to have been cooking its books, to the degree that the FBI is asking difficult questions.

LACERS Board Member Lambastes Lousy Private Equity Returns as More Studies Confirm Poor Performance for Decades

Yet another nail in the private equity performance coffin.