The Blindness of Using Venture Capital to Fight Human Trafficking
Venture capital relies on market-based solutions to maximize short-term gains. That is no way to address worker exploitation.
Read more...Category Archives: Investment management
The Fatuous Uproar About Robinhood and GameStop
The Robinhood contretemps shows how the US confuses a financial casino for productive activity.
Read more...Why Apollo’s Palace Coup Against Leon Black and Further Disclosures on Jeffrey Epstein Are Not Reassuring
The few details that Apollo offered about Leon Black’s relationship to serial child rapist Jeffrey Epstein only make things look worse.
Read more...More Jockeying on Kentucky Pension Case, Mayberry v. KKR
Mayberry v. KKR may finally be getting to the starting line.
Read more...The Merits of Fire Sales and Bailouts in Light of the COVID-19 Pandemic
Fire sales are not as detrimental as executives desperate to save their jobs would have you believe. That means bailouts may be overdone.
Read more...CalPERS Making It Impossible to Hire Competent Chief Investment Officer
CalPERS is such damaged goods that it apparently can’t attract the sort of CIO it wants to hire.
Read more...Wall Street Mega-Landlord Blackstone Prepares to Reap the Spoils of Another Crisis
Blackstone was a big winner of the last crisis. Now, it hopes to repeat the feat, albeit using a somewhat different playbook.
Read more...Authoritative Consultant Slams Private Equity in Journal Article: Cheap Index Funds and In House Buys Beat PE Funds
Yet another authoritative source slams private equity returns.
Read more...Rana Foroohar and Mark Blyth on Democrats Trying to Please Too Many Money Masters at Once
The Democrats will soon decide which campaign promises will be ignored or walked back. Sandernistas, brace yourselves.
Read more...Another Blow to Private Equity: “You Can Pick Winners” Again Shown To Be a Fool’s Game
More bad news about private equity returns.
Read more...Can’t Do America: Kick the Can Approach to Public Pension Fund Crisis, Even Though Canada Cleaned Up Its Mess
Why the US is certain to ignore the Canadian roadmap out of its public pension fund mess….and it’s not just because exceptionalism.
Read more...Saudi Aramco’s Landmark IPO Is Costing The Kingdom Billions
How the Saudi Aramco IPO has become a financial millstone.
Read more...The Mnuchin-Powell Affair Over the Fed’s “Special Purpose Vehicles” in Dollars & Effects
The Treasury and Fed set up junk-buying SPV programs The unwind is oddly controversial given that they never should have been created.
Read more...A Letter from Nanea to Yves Smith About CalPERS’ Strange $1.5 Billion Deal with LongRange Capital
CalPERS defied its board by staking a startup fund with a cool $1.5 billion without approval. And on top of that, the deal looks lame.
Read more...2020 “Globie”: The Carry Trade
A recent book focuse on the role of the carry trade in increasing financialization and instabilty.
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