Category Archives: Investment management

Kentucky Retirement System Litigation Against KKR, Blackstone, PAAMCO et. al. Takes New Class Action/Civil RICO Twist

Those pesky lawyers behind Mayberry v. KKR won’t give up! And some private equity titans are likely plenty unhappy about that.

How Intel Financialized and Lost Leadership in Semiconductor Fabrication

Intel is the poster child of how stock buybacks come at the cost of technological innovation.

A Quick Comment on China Stomping on Chinese Stock Listings in the US

Another big and costly dustup over Chinese listings in the US. But now Chinese officials signal they want broad-scale change.

Australian Funds Take Aim at Private Equity by Moving to Do Deals in House

More challenges to private equity firms, now from super sized Australian “super” funds who are bringing PE in house.

Decisions Finally Coming in Long-Running Battle with Hedge Fund Titans in Kentucky Pension Case, Mayberry v. KKR

Mayberry v. KKR, centering on the alleged abuse of the clueless Kentucky Retirement Systems by Wall Street titans, may finally restart.

How Third-Party Auditors Make Oil Industry Fraud Possible

Oil companies hire accountants to legitmate inflated financial claims. Investors and regulators are targeting these auditors for fraud.

CalPERS Desperate Response to Suit Over Illegal Secret Board Discussions and Other Abuses Seeks to Drag Case Out as Long As Possible

CalPERS’ intelligence-insulting answer to former board member Jelincic’s transparency lawsuit says that CalPERS is just dragging things out.

Lawmakers Are Firing Back At Fossil Fuel Divestors

Red state retaliation! Fossil fuel states will take business away from firms that divest from energy producers.

CalPERS Long-Term Care Program Bleeds Policyholders Dry via 10X Higher Premiums, Gross Mismanagement, Bad Faith Dealing

CalPERS continued to abuse its long-term care policy holders, via contract-defying rate increases vastly higher than other insurers.

Dan Walters, Dean of Sacramento Columnists, Blasts CalPERS’ Corruption-Friendly Secret Lending Bill

Dan Walters, Sacramento’s most respected political columnist, calls out CalPERS’ corruption.

Plaintiffs in Kentucky Retirement System Pension Case Expose Flagrant Corruption in Hiring of Tainted Attorney Regina Calcaterra, Best Known for Sabotaging New York Anti-Corruption Commission

Kentucky Retirement Systems stooped low in cooking its hiring process to pick coverup artist Regina Calceterra to run an “investigation”.

Private Equity and Hedge Fund Barons Having a Hissy Over Carried Interest Grift Because Biden Isn’t Staying Bought

The end of the carried interest loophole has been long in coming. Will the sell-by date finally arrive?

The Corporate Food Takeover

Corporate ownership in many sectors of food production has risen and is set to increase further. Another rentier program well underway.

California Judiciary Committee Gives Blistering Assessment of CalPERS’ Fiduciary Duty Failings in Analysis of Fraud-Friendly Private Debt Secrecy Bill

The Judiciary Committee’s analysis of a CalPERS-sponsored bill shows that Sacramento is noticing the fund’s chicanery and incompetence.

CalPERS Employee Accused of Embezzling $685,000 from Beneficiary Bank and CalPERS Accounts Hasn’t Been Arrested, Much the Less Prosecuted. Why the Cover Up?

CalPERS has allowed an employee accused of massive embezzlement to go free for months rather than seek her arrest and prosecution. What is it hiding?