Wall Street Mega-Landlord Blackstone Prepares to Reap the Spoils of Another Crisis
Blackstone was a big winner of the last crisis. Now, it hopes to repeat the feat, albeit using a somewhat different playbook.
Read more...Category Archives: Private equity
Authoritative Consultant Slams Private Equity in Journal Article: Cheap Index Funds and In House Buys Beat PE Funds
Yet another authoritative source slams private equity returns.
Read more...Judge Slams Apollo for Making Investors Pay for Partner’s Bogus Personal Expenses; Clueless SEC Missed the Abuse, Maybe Because Paul Weiss Misled Them
A federal judge blasts Apollo for making bogus charges to its investors and by implication, law firm Paul Weiss, for whitewashing the abuse.
Read more...Rana Foroohar and Mark Blyth on Democrats Trying to Please Too Many Money Masters at Once
The Democrats will soon decide which campaign promises will be ignored or walked back. Sandernistas, brace yourselves.
Read more...Another Blow to Private Equity: “You Can Pick Winners” Again Shown To Be a Fool’s Game
More bad news about private equity returns.
Read more...A Letter from Nanea to Yves Smith About CalPERS’ Strange $1.5 Billion Deal with LongRange Capital
CalPERS defied its board by staking a startup fund with a cool $1.5 billion without approval. And on top of that, the deal looks lame.
Read more...CalPERS: Poster Child of Private Equity Cargo Cultism
CalPERS’ zealous defense of private equity looks pathological. So we hazard a diagnosis.
Read more...Profits Over Human Life? ER Doctor’s Story Is Fearful Lesson for U.S. Workers During Pandemic
Dr. Ming Lin spoke out about Covid safety and was fired. A doctor working for corporations must check his medical ethics at the door.
Read more...An Indictment of the “Standard Model” for Pension and Endowment Investing
A lucid and daming explanation of why public pension funds and other instutitional investors regularly fall short of popular indexes.
Read more...Why Has Mayoral Candidate Scott Stringer Invested New York City Pensions in Private Equity Firms Like Blackstone?
The New York City pension system provides more proof that investing in private equity hurts performance.
Read more...What Did Billionaire Leon Black of Apollo Get for >$50 Million in Fees to Jeffrey Epstein?
The more we learn about Leon Black’s relationship with sex offender Jeffrey Epstein, the less there is to like.
Read more...Looking for the Private Equity Lending Train Wreck in All the Wrong Places?
How immient is a bust in private equity related debt?
Read more...22 Year Study Finds Hedge Fund Managers Collect 64% of Investors’ Gross Returns
Hedge fund managers claw an awful lot in fees out of their investors but the reasons look to be different than for private equity.
Read more...Tom Ferguson: Biden Blurring Almost Everything
Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
Read more...CalPERS Board Member Theresa Taylor, Under Investigation for Multi-Year Failure to Report Income, Digs Her and CalPERS’ Hole Deeper Via Supporting Conflicted Actions Taken by Ex-Chief Investment Officer Meng
CalPERS’ Board Vice President Theresa Taylor shoots herself and CalPERS in the foot.
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