SEC Investigating Possible Block Trading Abuses at Morgan Stanley, Goldman, Other Big Players
Mirabile dictu! More seriousness from the SEC!
Read more...Category Archives: Investment management
Wrong Way CalPERS: Dumping $6 Billion of Private Equity After Struggling to Put Money to Work and Then Increasing Target
CalPERS is trying to do something more obviously nonsensical than usual.
Read more...Judge Rules CalPERS Violated Bagley-Keene Open Meeting Act by Holding Improper Closed Session After Ben Meng Resignation
CalPERS got a bloody nose in court. Maybe the board will wise up and behave better in the future.
Read more...Share Buybacks Surge to Record Ahead of Potential 1% Tax: Companies Buy as Insiders Dump like there’s No Tomorrow
Buy High, Don’t Buy Low. Prices are sky-high and but company buybacks are red hot.
Read more...Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing
CalPERS, which has lagged nearly all other public pension funds’ performance, is doubling down on failure by resorting to leverage.
Read more...Endowments’ Money Management Destroying Value Demonstrates Economic Drain of Asset Management Business
How endowments, the supposedly best and brightest fiduciaries, are destroying value.
Read more...Finance Group Fails To Deliver at COP26
Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.
Read more...An Increase in Interest Rates Would Be An Act of Class Warfare
While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.
Read more...SEC Chair Gary Gensler, Ever So Politely, Signals Intent to Cut Private Equity Grifting Way Back
SEC chair Gary Gensler puts private equity in his crosshairs. Will he fire?
Read more...The Supply Chain Crisis: How We Got Here
On some of the key management practices and fads that produced dependence on extended and revealed-to-be-fragile supply chains.
Read more...European Investment Scammers Allegedly Laundered Their Money through Scotland
Investigations by European and Ukrainian prosecutors revealed an alleged investment fraud with funds laundered via UK corporate entities
Read more...Smear Campaigns Work: Pro-Transparency Board Member Margaret Brown, Candidate Tiffany Emon-Moran, Both Lose CalPERS Board Election
The California public employees unions that have bizarrely made clear that they are firmly on the side of having CalPERS continue to be poorly run have gotten their way. Pro accountability, pro-transparency board member Margaret Brown, and Tiffany Emon-Moran, who was challenging incumbent and staunch staff David Miller, were both defeated in this year’s board […]
Read more...Does America Want a CHIPS for Buybacks Act?
To bring more chips-making back to the US, Congress should condition additional funds on suspending stock buybacks.
Read more...Michael Hudson on Renegade Inc.: China’s Fortune Cookie Crumbles
Michael Hudson discusses China’s campaign to limit the influence of Western investors.
Read more...Law Review Article Describes Private Equity as Bargaining Failure, Indictment of Law and Economics Fetishization of Contracts
An important new paper puts another big chink in private equity’s armor.
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