Beneficiary Uproar Over CalPERS Fraudulent Investment Strategy Claims in E-Mail Blast
CalPERS latest beneficiary e-mail had misrepresentaions that even the toothless SEC would sanction.
Read more...Category Archives: Investment management
Private Equity and the Pandemic: Brace for Impact…Investing (Part II)
Private equity profiteering in prisions and education demonstrates why their enthusiasm for socially responsible investing is a con.
Read more...New Investment Gimmickry: Covid-19 Bonds
Covid-19 has engendered investment grifting.
Read more...Wall Street Journal’s Apologia for Private Equity Letting Companies Go Bust
The Wall Street Journal unwittingy defends private equity destructiveness.
Read more...LA Times’ Michael Hiltzik Shellacks CalPERS for Trumped-Up Attacks on Board Member Margaret Brown, Toadying to Staff Instead of Providing Oversight
Mike Hiltzik gives the CalPERS board yet another well-warranted dressing down.
Read more...Board Member Margaret Brown Sues CalPERS, Board President Over Gang-Style Retaliation for Efforts to Oppose Its Incompetence
Board member Margaret Brown has finally had it with CalPERS’ dirty tricks.
Read more...CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
CalPERS latches on to new, really bad investment ideas.
Read more...Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
More evidence that private equity underperforms on a risk-adjusted basis.
Read more...Private Equity Gets New Pockets to Pick: Your 401(k), in Funds Repeatedly Cited by the SEC for Abuses
While the US was busy with coronavirus and George Floyd protests, private equity stormed the retail investor barricade.
Read more...Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out
A major story on the CLOs chooses not to address the key questions.
Read more...Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects
Not surprisingly, public pension fund economics look pretty sick.
Read more...Universa Debunks CalPERS’ Defense of $1 Billion Tail Hedge Miss; Insider Accounts Expose Additional Misrepresentations
CalPERS efforts to ‘splain away its $1 billion tail hedge fiasco backfire as one of the tail risk managers, Universa, shreds CalPERS’ claims.
Read more...Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March
Keeping tabs on Fed munificence.
Read more...More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?
Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.
Read more...CalPERS Out of Control: Stunningly High Number of Personal Trading Violations, Yet Board Ignored the Misconduct
CalPERS yet again manages to exceed expectations in a bad way.
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