As Risky Finances Alienate Investors, Fracking Companies Look to Retirement Funds for Cash
Latest DeSmogBlog coverage of fracking follies: the still unprofitable industry turns to pension funds and private equity for capital.
Read more...Category Archives: Investment management
Elizabeth Warren Seeks to Cut Private Equity Down to Size
Elizabeth Warren’s bill to end private equity abuses targets a wide range of bad practices.
Read more...Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up
A post-mortem of a leveraged loan bust: private equity wins, too bad for everyone holding the bag.
Read more...CalPERS’ Long-Term Care Policy Train Wreck – Is Bankruptcy the End Game?
CalPERS’ long-term care policy mess is even worse than industry norms, which is saying quite a lot.
Read more...CalPERS’ Hedge Fund With 34% Stake in National Enquirer Parent Alleged To Be “Parking” Rather Than Selling (Updated)
Some funny-looking business with CalPERS desire to be rid of National Enquirer’s parent, American Media.
Read more...Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund
Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.
Read more...Mr. Market and the Press Diss Deutsche Bank’s Turnaround Plan
A hard look at Deutsche’s restructuring plan reveals a lot not to like
Read more...Rebel Economist Breaks Through to Washington on How Shareholder Value Theory Rewards the Undeserving
How William Lazonick persuaded pols and pundits that the shareholder value theory was bad for business and society.
Read more...The Sham of Shareholder Capitalism
The mythology of shareholder capitalism does not stand up to scrutiny.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty: Will the “Train Wreck” Uber/Lyft IPOs Finally Change the Public Narrative About Ridesharing?
A post-mortem of the Uber and Lyft IPOs.
Read more...Gregory Travis and Marshall Auerback: Anatomy of a Disaster – Why Boeing Should Never Make Another Airplane, Again
Is Boeing itself on a crash course?
Read more...How Kentucky Tried to Make the Country’s Worst-Funded Public Pension Plan Even Worse
Many public pension funds are in a very deep underfunding hole, and too many are resorting to high fee investment strategies that at this point in the cycle are costly hopium. Gordon Hamlin, a pro bono advier to public pensions, sets forth a strategy for the most deeply underfunded state pension, the Kentucky Retirement System.
Read more...SEC to Relax Audit Requirements for Small Companies, Thus Facilitating Future Accounting Fraud
SEC proposes relaxing internal control attestation requirements for companies with annual revenues of less than $100 million.
Read more...CalPERS Admits It Is Nowhere on Its New Private Scheme After More Than Two Years
Why CalPERS’ private equity “new business model” dithering is looking an awful lot like Brexit.
Read more...Private Equity Investors’ Pockets Picked Even More With Increases in Carry Fees
More evidence that private equity is an exercise in separating fools from their money.
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