CalPERS has just made an openly value-destroying sale of private equity holdings. So who at CalPERS is benefitting from this gift to buyers?
Read more...Yet more reasons why CalPERS needs to kick its private equity bad habit.
Read more...The big Wall Street defendants in the seemingly never-ending Mayberry v. KKR saga, over charges of breaches of fiduciary duty, fee grifting, and other bad behavior, got a big break due to a remarkably lame error by the presiding judge, Philip Shepherd. His being assigned to the case in 2017 was seen as offering some […]
Read more...Why the use of options may be the risk bomb that blows a big hole in our financial system.
Read more...How a new consultant, Global Governance Advisors, is helping CalPERS executives and staff even better line their pockets.
Read more...Is the search for better valuations of climate risks to help businesses reducing global emissions an exercise in self-delusion?
Read more...A comment on the Securities and Exchange Commission’s proposed rule “Share Repurchase Disclosure Modernization”, aka stock buybacks.
Read more...“CEOs can’t stop bragging on corporate earnings calls about jacking up prices on consumers to keep their profits soaring,” said one expert.
Read more...More on how sanctions against Russia are boomeranging.
Read more...Yet another Biden hypocrisy: refusing to curb stock buybacks when he flagged it as an abuse when he was Vice President.
Read more...The EU taxonomy grossly simplifies a complex and dynamic world. It might help prevent green-washing but other tools are needed to guide green investment.
Read more...Private equity has been a big winner thanks to a long-term trend of falling interest rates. What happens in a less favorable environment?
Read more...Is the housing market about to hit a tipping point?
Read more...Sadly, finacialization is still very much with us, even though policy-makers know better by now.
Read more...Reduced shale investment is set to lead to sustained higher prices. That’s good for the planet but hard on budgets.
Read more...