Category Archives: Investment management

Behold the Watered Stock’s New Variant!

Back to the future! Welcome to the successor to a 19th century favorite, watered stock.

Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism

Soros has a hissy over China’s Xi no longer wanting to play nicely with foreign investors.

EXPOSED: How CalPERS Tried and Continues to Try to Cover Up Former Chief Investment Officer Ben Meng’s Misconduct

A CalPERS case study in “The cover up is worse than the crime,” Ben Meng edition.

Board Member David Miller Takes CalPERS-Paid Vacation by Abdicating Oversight, Obstructing Board Members Doing Their Job

Why David Miller deserves a special place in the CalPERS board member Hall of Shame.

EXPOSED: CalPERS’ Brainwashed Board in Denial that CIO Meng Caused His Own Downfall with Information He Himself Provided

CalPERS’ secret rmeeting after CIO Meng left in a huff shows how staff controls the board, here by falsely claiming internal sabotage.

EXPOSED: Transcript of CalPERS Closed Session on Ben Meng Departure Shows Clear and Extensive Violations of Transparency Laws, Builds Case for Contempt Ruling by Judge Markman (Presiding)

Oops! CalPERS released nearly all of a transcript of a board meeting after Ben Meng’s resignation that it was fighting to keep secret.

CalPERS Officially a Laughingstock Around the World: London Newsletter Sniggers Over Failed Chief Investment Officer Search Even While Omitting or Getting Worst Facts Wrong

Even commentary meant to be hard on CalPERS manages to understate how bad things are.

CalPERS Comes Dead Last of 34 Public Pension Returns Despite Having Biggest, Best Paid Investment Office

CalPERS can’t manage its way out of a paper bag.

“RLB Can Suck a Dick”: CalPERS Board VP Theresa Taylor Debases CalPERS, Sneers at Workers and Little People in Unhinged, Factually False Attack on SEIU California President

CalPERS Board VP and Investment Committee chair Theresa Taylor has yet another put foot in mouth and chew incident.

Quelle Surprise! New Study Confirms that Public Pension Funds Use Flattering Benchmarks to Hide Failure to Beat Simple Indexing; CalPERS Is a Case Study

Documenting yet another way public pensions funds lie to themselves and their many constituencies about their performance.

Robinhood’s Revealing Ad Pitch: We’re All Investors, Alone

The latest Robinhood campaign is more raspberry than rah rah.

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.